10-Q

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 31, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to            .

Commission File Number: 000-20322

Starbucks Corporation

(Exact Name of Registrant as Specified in its Charter)

Washington	91-1325671
(State or Other Jurisdiction of Incorporation or Organization)	(IRS Employer Identification No.)

2401 Utah Avenue South, Seattle, Washington 98134

(Address of principal executive offices, zip code)

(206) 447-1575

(Registrant’s Telephone Number, including Area Code)

Securities registered pursuant to Section 12(b) of the Act:

Title	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.001 per share	SBUX	Nasdaq Global Select Market

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No   ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨	Non-accelerated filer	¨	Smaller reporting company	☐
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):    Yes    ☐  No  x 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Shares Outstanding as of April 24, 2024

1,132.7 million

Table of Contents

STARBUCKS CORPORATION

FORM 10-Q

For the Quarterly Period Ended March 31, 2024

Table of Contents

 

PART I. FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)	3
	Consolidated Statements of Earnings	3
	Consolidated Statements of Comprehensive Income	4
	Consolidated Balance Sheets	5
	Consolidated Statements of Cash Flows	6
	Consolidated Statements of Equity	7
	Index for Notes to Consolidated Financial Statements	9
	Notes to Consolidated Financial Statements	10
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	28
Item 3	Quantitative and Qualitative Disclosures About Market Risk	40
Item 4	Controls and Procedures	41
PART II. OTHER INFORMATION
Item 1	Legal Proceedings	42
Item 1A	Risk Factors	42
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	42
Item 3	Defaults Upon Senior Securities	42
Item 4	Mine Safety Disclosures	42
Item 5	Other Information	42
Item 6	Exhibits	43
Signatures		44

Table of Contents

PART I — FINANCIAL INFORMATION

Item 1.Financial Statements

STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS

(in millions, except per share data, unaudited)

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Net revenues:
Company-operated stores	$	7,052.6	$	7,142.3	$	14,807.9	$	14,225.7
Licensed stores	1,054.5		1,069.5		2,246.6		2,189.0
Other	455.9		508.0		933.8		1,019.1
Total net revenues	8,563.0		8,719.8		17,988.3		17,433.8
Product and distribution costs	2,648.7		2,801.7		5,629.2		5,611.9
Store operating expenses	3,724.1		3,636.0		7,575.6		7,301.3
Other operating expenses	132.8		126.2		283.2		255.4
Depreciation and amortization expenses	371.9		341.9		737.2		669.0
General and administrative expenses	654.6		620.4		1,302.6		1,201.3
Restructuring and impairments	—		8.8		—		14.7
Total operating expenses	7,532.1		7,535.0		15,527.8		15,053.6
Income from equity investees	68.0		51.4		123.8		109.2
Gain from sale of assets	—		91.3		—		91.3
Operating income	1,098.9		1,327.5		2,584.3		2,580.7
Interest income and other, net	34.1		18.4		67.9		30.0
Interest expense	(140.6)		(136.3)		(280.7)		(266.0)
Earnings before income taxes	992.4		1,209.6		2,371.5		2,344.7
Income tax expense	219.9		301.3		574.6		581.1
Net earnings including noncontrolling interests	772.5		908.3		1,796.9		1,763.6
Net earnings attributable to noncontrolling interests	0.1		0.0		0.1		0.0
Net earnings attributable to Starbucks	$	772.4	$	908.3	$	1,796.8	$	1,763.6
Earnings per share - basic	$	0.68	$	0.79	$	1.58	$	1.54
Earnings per share - diluted	$	0.68	$	0.79	$	1.58	$	1.53
Weighted average shares outstanding:
Basic	1,132.4		1,148.5		1,134.5		1,148.4
Diluted	1,135.4		1,152.7		1,138.0		1,152.8

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions, unaudited)

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Net earnings including noncontrolling interests	$	772.5	$	908.3	$	1,796.9	$	1,763.6
Other comprehensive income/(loss), net of tax:
Unrealized holding gains/(losses) on available-for-sale debt securities	(0.4)		3.6		5.2		5.6
Tax (expense)/benefit	0.1		(0.8)		(1.3)		(1.3)
Unrealized gains/(losses) on cash flow hedging instruments	36.4		(1.2)		71.8		(181.9)
Tax (expense)/benefit	(9.3)		0.1		(11.1)		29.6
Unrealized gains/(losses) on net investment hedging instruments	92.5		(2.7)		67.3		(67.3)
Tax (expense)/benefit	(23.3)		0.7		(17.0)		17.0
Translation adjustment and other	(151.2)		74.7		31.9		283.6
Tax (expense)/benefit	1.1		—		(3.6)		—
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale debt securities, hedging instruments, and translation adjustment	(13.6)		(66.6)		11.3		(165.0)
Tax expense/(benefit)	4.0		9.5		2.2		21.3
Other comprehensive income/(loss)	(63.7)		17.3		156.7		(58.4)
Comprehensive income including noncontrolling interests	708.8		925.6		1,953.6		1,705.2
Comprehensive income attributable to noncontrolling interests	—		—		0.2		—
Comprehensive income attributable to Starbucks	$	708.8	$	925.6	$	1,953.4	$	1,705.2

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED BALANCE SHEETS

(in millions, except per share data, unaudited)

	Mar 31, 2024		Oct 1, 2023
ASSETS
Current assets:
Cash and cash equivalents	$	2,764.1	$	3,551.5
Short-term investments	362.5		401.5
Accounts receivable, net	1,110.3		1,184.1
Inventories	1,744.0		1,806.4
Prepaid expenses and other current assets	484.1		359.9
Total current assets	6,465.0		7,303.4
Long-term investments	280.4		247.4
Equity investments	440.2		439.9
Property, plant and equipment, net	7,817.4		7,387.1
Operating lease, right-of-use asset	8,686.5		8,412.6
Deferred income taxes, net	1,746.5		1,769.8
Other long-term assets	587.2		546.5
Other intangible assets	110.7		120.5
Goodwill	3,229.3		3,218.3
TOTAL ASSETS	$	29,363.2	$	29,445.5
LIABILITIES AND SHAREHOLDERS’ EQUITY/(DEFICIT)
Current liabilities:
Accounts payable	$	1,487.4	$	1,544.3
Accrued liabilities	2,016.0		2,145.1
Accrued payroll and benefits	704.8		828.3
Current portion of operating lease liability	1,406.6		1,275.3
Stored value card liability and current portion of deferred revenue	1,872.0		1,700.2
Short-term debt	42.1		33.5
Current portion of long-term debt	—		1,818.6
Total current liabilities	7,528.9		9,345.3
Long-term debt	15,547.5		13,547.6
Operating lease liability	8,180.3		7,924.8
Deferred revenue	6,058.4		6,101.8
Other long-term liabilities	490.3		513.8
Total liabilities	37,805.4		37,433.3
Shareholders’ deficit:
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,132.7 and 1,142.6 shares, respectively	1.1		1.1
Additional paid-in capital	141.7		38.1
Retained deficit	(7,970.7)		(7,255.8)
Accumulated other comprehensive income/(loss)	(621.5)		(778.2)
Total shareholders’ deficit	(8,449.4)		(7,994.8)
Noncontrolling interests	7.2		7.0
Total deficit	(8,442.2)		(7,987.8)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY/(DEFICIT)	$	29,363.2	$	29,445.5

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions, unaudited)

	Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$	1,796.9	$	1,763.6
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	783.6		709.3
Deferred income taxes, net	4.0		2.6
Income earned from equity method investees	(132.3)		(109.9)
Distributions received from equity method investees	154.5		88.0
Gain on sale of assets	—		(91.3)
Stock-based compensation	173.0		159.3
Non-cash lease costs	689.5		584.7
Loss on retirement and impairment of assets	42.5		75.6
Other	16.3		22.6
Cash provided by/(used in) changes in operating assets and liabilities:
Accounts receivable	86.4		26.2
Inventories	64.5		194.6
Income taxes payable	(84.9)		15.8
Accounts payable	(51.6)		(51.2)
Deferred revenue	128.9		54.0
Operating lease liability	(635.1)		(621.8)
Other operating assets and liabilities	(146.3)		(461.3)
Net cash provided by operating activities	2,889.9		2,360.8
INVESTING ACTIVITIES:
Purchases of investments	(472.0)		(247.7)
Sales of investments	0.5		1.9
Maturities and calls of investments	498.7		270.0
Additions to property, plant and equipment	(1,255.0)		(1,002.0)
Proceeds from sale of assets	—		110.0
Other	(36.2)		(39.2)
Net cash used in investing activities	(1,264.0)		(907.0)
FINANCING ACTIVITIES:
Net (payments)/proceeds from issuance of commercial paper	—		(175.0)
Net proceeds from issuance of short-term debt	93.2		52.8
Repayments of short-term debt	(80.5)		—
Net proceeds from issuance of long-term debt	1,995.3		1,497.8
Repayments of long-term debt	(1,825.1)		(1,000.0)
Proceeds from issuance of common stock	58.4		129.8
Cash dividends paid	(1,293.5)		(1,217.4)
Repurchase of common stock	(1,266.7)		(479.3)
Minimum tax withholdings on share-based awards	(94.1)		(81.4)
Other	(10.6)		(10.7)
Net cash used in financing activities	(2,423.6)		(1,283.4)
Effect of exchange rate changes on cash and cash equivalents	10.4		83.0
Net increase/(decrease) in cash and cash equivalents	(787.3)		253.4
CASH AND CASH EQUIVALENTS:
Beginning of period	3,551.5		2,818.4
End of period	$	2,764.1	$	3,071.8
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest, net of capitalized interest	$	275.6	$	250.4
Income taxes	$	850.9	$	636.8

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EQUITY

For the Quarter Ended March 31, 2024 and April 2, 2023

(in millions, except per share data, unaudited)

	Common Stock			Additional Paid-in Capital		Retained Earnings/(Deficit)		Accumulated Other Comprehensive Income/(Loss)		Shareholders’ Equity/(Deficit)		Noncontrolling Interests		Total
	Shares	Amount
Balance, December 31, 2023	1,132.2	$	1.1	$	38.2	$	(8,097.5)	$	(557.8)	$	(8,616.0)	$	7.1	$	(8,608.9)
Net earnings	—	—		—		772.4		—		772.4		0.1		772.5
Other comprehensive loss	—	—		—		—		(63.6)		(63.6)		(0.1)		(63.7)
Stock-based compensation expense	—	—		79.1		—		—		79.1		—		79.1
Exercise of stock options/vesting of RSUs	0.3	—		10.9		—		—		10.9		—		10.9
Sale of common stock	0.2	—		13.0		—		—		13.0		—		13.0
Repurchase of common stock (1)	—	—		0.5		0.1		—		0.6		—		0.6
Cash dividends declared, $0.57 per share	—	—		—		(645.7)		—		(645.7)		—		(645.7)
Other	—	—		—		—		(0.1)		(0.1)		0.1		—
Balance, March 31, 2024	1,132.7	$	1.1	$	141.7	$	(7,970.7)	$	(621.5)	$	(8,449.4)	$	7.2	$	(8,442.2)
Balance, January 1, 2023	1,148.5	$	1.1	$	67.2	$	(8,203.2)	$	(538.9)	$	(8,673.8)	$	7.9	$	(8,665.9)
Net earnings	—	—		—		908.3		—		908.3		—		908.3
Other comprehensive income	—	—		—		—		17.3		17.3		—		17.3
Stock-based compensation expense	—	—		75.0		—		—		75.0		—		75.0
Exercise of stock options/vesting of RSUs	1.3	—		68.2		—		—		68.2		—		68.2
Sale of common stock	0.2	—		13.3		—		—		13.3		—		13.3
Repurchase of common stock	(3.0)	—		(182.5)		(121.5)		—		(304.0)		—		(304.0)
Cash dividends declared, $0.53 per share	—	—		—		(608.2)		—		(608.2)		—		(608.2)
Purchase of noncontrolling interests	—	—		(3.0)		—		—		(3.0)		(0.4)		(3.4)
Balance, April 2, 2023	1,147.0	$	1.1	$	38.2	$	(8,024.6)	$	(521.6)	$	(8,506.9)	$	7.5	$	(8,499.4)

(1)Includes excise tax on share repurchases.

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EQUITY

For the Two Quarters Ended March 31, 2024 and April 2, 2023

(in millions, except per share data, unaudited)

	Common Stock			Additional Paid-in Capital		Retained Earnings/(Deficit)		Accumulated Other Comprehensive Income/(Loss)		Shareholders’ Equity/(Deficit)		Noncontrolling Interests		Total
	Shares	Amount
Balance, October 1, 2023	1,142.6	$	1.1	$	38.1	$	(7,255.8)	$	(778.2)	$	(7,994.8)	$	7.0	$	(7,987.8)
Net earnings	—	—		—		1,796.8		—		1,796.8		0.1		1,796.9
Other comprehensive income	—	—		—		—		156.6		156.6		0.1		156.7
Stock-based compensation expense	—	—		175.2		—		—		175.2		—		175.2
Exercise of stock options/vesting of RSUs	2.6	—		(64.9)		—		—		(64.9)		—		(64.9)
Sale of common stock	0.3	—		29.2		—		—		29.2		—		29.2
Repurchase of common stock (1)	(12.8)	—		(35.9)		(1,223.9)		—		(1,259.8)		—		(1,259.8)
Cash dividends declared, $1.14 per share	—	—		—		(1,287.8)		—		(1,287.8)		—		(1,287.8)
Other	—	—		—		—		0.1		0.1		—		0.1
Balance, March 31, 2024	1,132.7	$	1.1	$	141.7	$	(7,970.7)	$	(621.5)	$	(8,449.4)	$	7.2	$	(8,442.2)
Balance, October 2, 2022	1,147.9	$	1.1	$	205.3	$	(8,449.8)	$	(463.2)	$	(8,706.6)	$	7.9	$	(8,698.7)
Net earnings	—	—		—		1,763.6		—		1,763.6		—		1,763.6
Other comprehensive loss	—	—		—		—		(58.4)		(58.4)		—		(58.4)
Stock-based compensation expense	—	—		161.4		—		—		161.4		—		161.4
Exercise of stock options/vesting of RSUs	3.7	—		23.5		—		—		23.5		—		23.5
Sale of common stock	0.3	—		24.9		—		—		24.9		—		24.9
Repurchase of common stock	(4.9)	—		(373.9)		(121.5)		—		(495.4)		—		(495.4)
Cash dividends declared, $1.06 per share	—	—		—		(1,216.9)		—		(1,216.9)		—		(1,216.9)
Purchase of noncontrolling interests	—	—		(3.0)		—		—		(3.0)		(0.4)		(3.4)
Balance, April 2, 2023	1,147.0	$	1.1	$	38.2	$	(8,024.6)	$	(521.6)	$	(8,506.9)	$	7.5	$	(8,499.4)

(1)Includes excise tax on share repurchases.

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

INDEX FOR NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1	Summary of Significant Accounting Policies and Estimates	10
Note 2	Acquisitions, Divestitures, and Strategic Alliance	10
Note 3	Derivative Financial Instruments	11
Note 4	Fair Value Measurements	16
Note 5	Inventories	18
Note 6	Supplemental Balance Sheet and Statement of Earnings Information	18
Note 7	Other Intangible Assets and Goodwill	19
Note 8	Debt	20
Note 9	Leases	22
Note 10	Deferred Revenue	23
Note 11	Equity	24
Note 12	Employee Stock Plans	25
Note 13	Earnings per Share	26
Note 14	Commitments and Contingencies	26
Note 15	Segment Reporting	26

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STARBUCKS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

Note 1: Summary of Significant Accounting Policies and Estimates

Financial Statement Preparation

The unaudited consolidated financial statements as of March 31, 2024, and for the quarters and two quarters ended March 31, 2024 and April 2, 2023, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarters and two quarters ended March 31, 2024 and April 2, 2023 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations, and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us,” or “our.”

Segment information is prepared on the same basis that our management reviews financial information for operational decision-making purposes.

Certain prior period information on the consolidated statements of cash flows have been reclassified to conform to the current presentation.

The financial information as of October 1, 2023 is derived from our audited consolidated financial statements and notes for the fiscal year ended October 1, 2023 (“fiscal 2023”) included in Item 8 in the fiscal 2023 Annual Report on Form 10-K (“10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.

The results of operations for the quarter and two quarters ended March 31, 2024 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending September 29, 2024 (“fiscal 2024”).

Recent Accounting Pronouncements Not Yet Adopted

In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance expanding segment disclosure requirements. The amendments require enhanced disclosure for certain segment items and require disclosure on how management uses reported measures to assess segment performance. The amendments do not change how segments are determined, aggregated, or how thresholds are applied to determine reportable segments. We expect to adopt the guidance for the fiscal year ending September 28, 2025. We are currently evaluating the expanded disclosure requirements and do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In December 2023, the FASB issued guidance expanding disclosure requirements related to income taxes. The amendments require enhanced jurisdictional disclosures for the income tax rate reconciliation and related to cash income taxes paid. Additionally, specific disclosures related to unrecognized tax benefits and indefinite reinvestment assertions were removed. The amendments are effective for our fiscal year ending September 27, 2026. While we are still evaluating the specific impacts and timing of adoption, we anticipate this guidance will have a significant impact on our annual income tax disclosures.

In March 2024, the SEC issued its final climate disclosure rules, which require the disclosure of climate-related information in annual reports and registration statements. The rules require disclosure in the audited financial statements of certain effects of severe weather events and other natural conditions above certain financial thresholds, as well as amounts related to carbon offsets and renewable energy credits or certificates, if material. Disclosure requirements will begin phasing in for fiscal years beginning on or after January 1, 2025. On April 4, 2024, the SEC determined to voluntarily stay the final rules pending certain legal challenges. We are currently evaluating the impact of the new rules and expect to include updated climate-related disclosures in our Annual Report on Form 10-K for our fiscal year ending September 27, 2026, depending on the outcome of the legal challenges.

Note 2: Acquisitions, Divestitures, and Strategic Alliance

On January 13, 2023, we sold the assets, primarily consisting of intellectual properties associated with the Seattle’s Best Coffee brand, to Nestlé for $110.0 million. The transaction resulted in a pre-tax gain of $91.3 million, which was included in gain from sale of assets on our consolidated statements of earnings for the quarter and two quarters ended April 2, 2023. Results from Seattle’s Best Coffee operations prior to the sale are reported in our Channel Development operating segment.

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Note 3: Derivative Financial Instruments

Interest Rates

From time to time, we enter into designated cash flow hedges to manage the variability in cash flows due to changes in benchmark interest rates. We enter into interest rate swap agreements, including forward-starting interest rate swaps and treasury locks, settled in cash based upon the difference between an agreed-upon benchmark rate and the prevailing benchmark rate at settlement. These agreements are generally settled around the time of the pricing of the related debt. Each derivative agreement’s gain or loss is recorded in accumulated other comprehensive income (“AOCI”) and is subsequently reclassified to interest expense over the life of the related debt.

To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt due to changes in the relevant benchmark interest rates are recorded in interest expense. Refer to Note 8, Debt, for additional information on our long-term debt.

Foreign Currency

To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated royalty payments, inventory purchases, and intercompany borrowing and lending activities. The resulting gains and losses from these derivatives are recorded in AOCI and subsequently reclassified to revenue, product and distribution costs, or interest income and other, net, respectively, when the hedged exposures affect net earnings.

From time to time, we may enter into financial instruments, including, but not limited to, forward and swap contracts or foreign currency-denominated debt, to hedge the currency exposure of our net investments in certain international operations. The resulting gains and losses from these derivatives are recorded in AOCI and are subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated. Gains and losses from these derivatives representing hedged components excluded from the assessment of effectiveness are amortized over the life of the hedging instrument using a systematic and rational method and recognized in interest expense.

Foreign currency forward and swap contracts not designated as hedging instruments are used to mitigate the foreign exchange risk of certain other balance sheet items. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency-denominated payables and receivables, and these gains and losses are recorded in interest income and other, net.

Commodities

Depending on market conditions, we may enter into coffee forward contracts, futures contracts, and collars to hedge anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 5, Inventories, or our longer-dated forecasted coffee demand where underlying fixed price and price-to-be-fixed contracts are not yet available. The resulting gains and losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.

Depending on market conditions, we may also enter into dairy forward contracts and futures contracts to hedge a portion of anticipated cash flows under our dairy purchase contracts and our forecasted dairy demand. The resulting gains or losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.

Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges in which the underlying transactions are no longer probable of occurring or where price variability in the underlying cash flow ceases to exist, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings. These derivatives may be accounted for prospectively as non-designated derivatives until maturity, re-designated to new hedging relationships, or terminated early. We continue to believe transactions related to our other designated cash flow hedges are probable to occur.

To mitigate the price uncertainty of a portion of our future purchases, including diesel fuel and other commodities, we enter into swap contracts, futures, and collars that are not designated as hedging instruments. The resulting gains and losses are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging, and transportation costs, which are included in product and distribution costs on our consolidated statements of earnings.

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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)
	Mar 31, 2024		Oct 1, 2023
Cash Flow Hedges:
Coffee	$	16.2	$	(78.1)	$	16.2	4
Cross-currency swaps	0.2		(0.6)		—		8
Dairy	(1.3)		(1.8)		(1.3)		8
Foreign currency - other	30.6		39.6		21.4		33
Interest rates	(5.1)		(6.6)		(3.0)		0
Net Investment Hedges:
Cross-currency swaps	127.9		87.1		—		120
Foreign currency	16.0		16.0		—		0
Foreign currency debt	135.3		140.2		—		0

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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)
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Cash Flow Hedges:
Coffee	$	(1.2)	$	(0.5)	$	(6.2)	$	59.9	Product and distribution costs
Cross-currency swaps	4.0		(2.5)		0.4		(3.0)		Interest expense
					3.3		(0.1)		Interest income and other, net
Dairy	(1.3)		(2.3)		(2.3)		(3.3)		Product and distribution costs
Foreign currency - other	34.9		3.8		7.4		4.0		Licensed stores revenue
					2.2		2.2		Product and distribution costs
Interest rates	—		0.3		(1.0)		0.2		Interest expense
Net Investment Hedges:
Cross-currency swaps (1)	67.0		(1.1)		10.2		7.0		Interest expense
Foreign currency debt	25.5		(1.6)		—		—
	Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Cash Flow Hedges:
Coffee	$	63.1	$	(119.9)	$	(46.6)	$	156.6	Product and distribution costs
Cross-currency swaps	2.4		(14.2)		1.0		(5.7)		Interest expense
					0.6		(9.2)		Interest income and other, net
Dairy	(3.2)		(5.9)		(3.9)		(4.8)		Product and distribution costs
Foreign currency - other	9.5		(42.2)		16.2		11.9		Licensed stores revenue
					5.0		4.4		Product and distribution costs
					—		0.2		Interest income and other, net
Interest rates	—		0.3		(2.0)		(0.3)		Interest expense
Net Investment Hedges:
Cross-currency swaps (1)	73.6		(15.1)		19.1		12.3		Interest expense
Foreign currency debt	(6.3)		(52.2)		—		—

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

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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				Two Quarters Ended
		Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Non-Designated Derivatives:
Foreign currency - other	Interest income and other, net	$	3.6	$	1.6	$	1.2	$	(10.0)
Coffee	Interest income and other, net	—		—		—		(5.5)
Diesel fuel and other commodities	Interest income and other, net	0.3		(1.7)		(0.4)		(1.9)
Fair Value Hedges:
Interest rate swaps	Interest expense	(8.7)		4.7		2.4		3.1
Long-term debt (hedged item)	Interest expense	5.7		(12.1)		(8.6)		(15.4)

Notional amounts of outstanding derivative contracts (in millions):

	Mar 31, 2024		Oct 1, 2023
Coffee	$	68	$	266
Cross-currency swaps	1,746		1,076
Dairy	52		71
Diesel fuel and other commodities	14		7
Foreign currency - other	1,191		1,164
Interest rate swaps	350		1,100

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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	Mar 31, 2024		Oct 1, 2023
Designated Derivative Instruments:
Cross-currency swaps	Prepaid expenses and other current assets	$	13.0	$	—
	Other long-term assets	164.5		130.1
Dairy	Prepaid expenses and other current assets	0.5		0.4
Foreign currency - other	Prepaid expenses and other current assets	27.3		32.0
	Other long-term assets	16.7		22.9
Interest rate swaps	Prepaid expenses and other current assets	—		0.4
Non-designated Derivative Instruments:
Dairy	Prepaid expenses and other current assets	0.1		—
Diesel fuel and other commodities	Prepaid expenses and other current assets	0.2		0.7
Foreign currency	Prepaid expenses and other current assets	7.0		7.5
		Derivative Liabilities
	Balance Sheet Location	Mar 31, 2024		Oct 1, 2023
Designated Derivative Instruments:
Dairy	Accrued liabilities	$	1.7	$	1.1
Foreign currency - other	Accrued liabilities	2.6		2.0
	Other long-term liabilities	2.2		—
Interest rate swaps	Other long-term liabilities	32.9		41.4
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	0.4		—
Diesel fuel and other commodities	Accrued liabilities	0.1		—
Foreign currency	Accrued liabilities	0.7		0.5
	Other long-term liabilities	—		1.8

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
	Mar 31, 2024		Oct 1, 2023		Mar 31, 2024		Oct 1, 2023
Location on the balance sheet
Long-term debt(1)	$	318.6	$	1,060.0	$	(31.4)	$	(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.

Additional disclosures related to cash flow gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 11, Equity.

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Note 4: Fair Value Measurements

Assets and liabilities measured at fair value on a recurring basis (in millions):

			Fair Value Measurements at Reporting Date Using
	Balance at March 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant  Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	2,764.1	$	2,764.1	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	37.7		—		37.7		—
Foreign corporate bonds	0.2		—		0.2		—
Mortgage and other asset-backed securities	0.3		—		0.3		—
State and local government obligations	1.4		—		1.4		—
U.S. government treasury securities	16.5		16.5		—		—
Total available-for-sale debt securities	56.1		16.5		39.6		—
Structured deposits	221.9		—		221.9		—
Marketable equity securities	84.5		84.5		—		—
Total short-term investments	362.5		101.0		261.5		—
Prepaid expenses and other current assets:
Derivative assets	48.1		—		48.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	127.4		—		116.9		10.5
Mortgage and other asset-backed securities	52.6		—		52.6		—
State and local government obligations	2.7		—		2.7		—
U.S. government treasury securities	97.5		97.5		—		—
Total available-for-sale debt securities	280.2		97.5		172.2		10.5
Structured deposits	0.2		—		0.2		—
Total long-term investments	280.4		97.5		172.4		10.5
Other long-term assets:
Derivative assets	181.2		—		181.2		—
Total assets	$	3,636.3	$	2,962.6	$	663.2	$	10.5
Liabilities:
Accrued liabilities:
Derivative liabilities	$	5.5	$	—	$	5.5	$	—
Other long-term liabilities:
Derivative liabilities	35.1		—		35.1		—
Total liabilities	$	40.6	$	—	$	40.6	$	—

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			Fair Value Measurements at Reporting Date Using
	Balance at October 1, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	3,551.5	$	3,551.5	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	64.0		—		64.0		—
U.S. government treasury securities	2.8		2.8		—		—
Foreign government obligations	3.9		—		3.9		—
Total available-for-sale debt securities	70.7		2.8		67.9		—
Structured deposits	261.2		—		261.2		—
Marketable equity securities	69.6		69.6		—		—
Total short-term investments	401.5		72.4		329.1		—
Prepaid expenses and other current assets:
Derivative assets	41.0		—		41.0		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	91.1		—		91.1		—
Mortgage and other asset-backed securities	50.2		—		50.2		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	104.7		104.7		—		—
Total long-term investments	247.3		104.7		142.6		—
Other long-term assets:
Derivative assets	153.0		—		153.0		—
Total assets	$	4,394.3	$	3,728.6	$	665.7	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	3.6	$	—	$	3.6	$	—
Other long-term liabilities:
Derivative liabilities	43.2		—		43.2		—
Total liabilities	$	46.8	$	—	$	46.8	$	—

There were no material transfers between levels, and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.

Gross unrealized holding gains and losses on available-for-sale debt securities, structured deposits, and marketable equity securities were not material as of March 31, 2024 and October 1, 2023.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets, equity and other investments, and other assets. These assets are measured at fair value if determined to be impaired.

The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 8, Debt. There were no material fair value adjustments during the two quarters ended March 31, 2024 and April 2, 2023.

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Note 5: Inventories (in millions):

	Mar 31, 2024		Oct 1, 2023
Coffee:
Unroasted	$	694.9	$	747.7
Roasted	257.7		280.3
Other merchandise held for sale	313.4		364.6
Packaging and other supplies	478.0		413.8
Total	$	1,744.0	$	1,806.4

Other merchandise held for sale includes, among other items, serveware, food, and tea. Inventory levels vary due to seasonality, commodity market supply, and price fluctuations.

As of March 31, 2024, we had committed to purchasing green coffee totaling $398.6 million under fixed-price contracts and an estimated $855.6 million under price-to-be-fixed contracts. A portion of our price-to-be-fixed contracts are effectively fixed through the use of futures. See Note 3, Derivative Financial Instruments, for further discussion. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base “C” coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on established relationships with our suppliers and continuous monitoring, the risk of non-delivery on these purchase commitments is remote.

Note 6: Supplemental Balance Sheet and Statement of Earnings Information (in millions):

Property, Plant and Equipment, net

	Mar 31, 2024		Oct 1, 2023
Land	$	46.1	$	46.1
Buildings	671.8		666.5
Leasehold improvements	10,532.8		10,133.7
Store equipment	3,468.0		3,332.5
Roasting equipment	880.1		859.4
Furniture, fixtures and other	1,741.1		1,664.5
Work in progress	713.5		607.5
Property, plant and equipment, gross	18,053.4		17,310.2
Accumulated depreciation	(10,236.0)		(9,923.1)
Property, plant and equipment, net	$	7,817.4	$	7,387.1

Accrued Liabilities

	Mar 31, 2024		Oct 1, 2023
Accrued occupancy costs	$	78.0	$	86.7
Accrued dividends payable	645.5		651.2
Accrued capital and other operating expenditures	743.7		771.7
Insurance reserves	252.0		233.5
Income taxes payable	102.6		189.3
Accrued business taxes	194.2		212.7
Total accrued liabilities	$	2,016.0	$	2,145.1

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Store Operating Expenses

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Wages and benefits	$	2,139.4	$	2,174.3	$	4,348.7	$	4,389.9
Occupancy costs	741.3		703.4		1,487.0		1,374.9
Other expenses	843.4		758.3		1,739.9		1,536.5
Total store operating expenses	$	3,724.1	$	3,636.0	$	7,575.6	$	7,301.3

Note 7: Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Mar 31, 2024		Oct 1, 2023
Trade names, trademarks and patents	$	79.5	$	79.4

Finite-Lived Intangible Assets

	Mar 31, 2024						Oct 1, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	962.0	$	(962.0)	$	—	$	957.6	$	(957.6)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.6)		—
Trade names, trademarks and patents	130.3		(100.6)		29.7		131.0		(91.9)		39.1
Licensing agreements	12.9		(11.4)		1.5		13.0		(11.0)		2.0
Other finite-lived intangible assets	20.3		(20.3)		—		20.1		(20.1)		—
Total finite-lived intangible assets	$	1,153.1	$	(1,121.9)	$	31.2	$	1,149.3	$	(1,108.2)	$	41.1

Amortization expense for finite-lived intangible assets was $5.1 million and $10.2 million for the quarter and two quarters ended March 31, 2024, respectively, and $5.3 million and $10.9 million for the quarter and two quarters ended April 2, 2023, respectively.

Estimated future amortization expense as of March 31, 2024 (in millions):

Fiscal Year	Total
2024 (excluding the two quarters ended March 31, 2024)	$	9.9
2025	14.0
2026	2.1
2027	1.8
2028	1.2
Thereafter	2.2
Total estimated future amortization expense	$	31.2

Goodwill

Changes in the carrying amount of goodwill by reportable operating segment (in millions):

	North America		International		Channel Development		Corporate and Other		Total
Goodwill balance at October 1, 2023	$	491.5	$	2,691.1	$	34.7	$	1.0	$	3,218.3
Other(1)	(0.1)		11.1		—		—		11.0
Goodwill balance at March 31, 2024	$	491.4	$	2,702.2	$	34.7	$	1.0	$	3,229.3

(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.

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Note 8: Debt

Revolving Credit Facility

Our $3.0 billion unsecured five-year revolving credit facility (the “2021 credit facility”), of which $150.0 million may be used for issuances of letters of credit, is currently set to mature on September 16, 2026. The 2021 credit facility is available for working capital, capital expenditures, and other corporate purposes, including acquisitions and share repurchases. We have the option, subject to negotiation and agreement with the related banks, to increase the maximum commitment amount by an additional $1.0 billion.

Borrowings under the 2021 credit facility, which was most recently amended in April 2023, will bear interest at a variable rate based on Term SOFR, and, for U.S. dollar-denominated loans under certain circumstances, a Base Rate (as defined in the 2021 credit facility), in each case plus an applicable margin. The applicable margin is based on the Company’s long-term credit ratings assigned by the Moody’s and Standard & Poor’s rating agencies. The “Base Rate” is the highest of (i) the Federal Funds Rate (as defined in the 2021 credit facility) plus 0.500%, (ii) Bank of America’s prime rate, and (iii) Term SOFR plus 1.000%. Term SOFR means the forward-looking SOFR term rate administrated by the Chicago Mercantile Exchange plus a SOFR Adjustment of 0.100%.

The 2021 credit facility contains provisions requiring us to maintain compliance with certain covenants, including a minimum fixed charge coverage ratio, which measures our ability to cover financing expenses. As of March 31, 2024, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of March 31, 2024 or October 1, 2023.

Short-term Debt

Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3.0 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our 2021 credit facility. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures, and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock, and share repurchases. No amounts were outstanding under our commercial paper program as of March 31, 2024 and October 1, 2023.

Additionally, we hold the following Japanese yen-denominated credit facilities that are available for working capital needs and capital expenditures within our Japanese market:

•A ¥5.0 billion, or $33.0 million, credit facility is currently set to mature on December 30, 2024. Borrowings under this credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on Tokyo Interbank Offered Rate (“TIBOR”) plus an applicable margin of 0.400%.

•A ¥10.0 billion, or $66.1 million, credit facility is currently set to mature on March 27, 2025. Borrowings under this credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.300%.

As of March 31, 2024, we had ¥5.0 billion, or $33.0 million, of borrowings outstanding under these credit facilities. As of October 1, 2023, we had ¥5.0 billion, or $33.5 million, of borrowings outstanding under these credit facilities.

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Long-term Debt

Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):

	Mar 31, 2024				Oct 1, 2023				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
October 2023 notes(2)	$	—	$	—	$	750.0	$	749.9	3.850	%	2.859	%
February 2024 notes(3)	—		—		500.0		504.2		5.848	%	6.079	%
March 2024 notes(4)	—		—		569.3		569.3		0.372	%	0.462	%
August 2025 notes	1,250.0		1,225.4		1,250.0		1,210.5		3.800	%	3.721	%
February 2026 notes	1,000.0		994.3		1,000.0		985.5		4.750	%	4.788	%
June 2026 notes	500.0		472.5		500.0		463.5		2.450	%	2.511	%
February 2027 notes	1,000.0		998.0		—		—		4.850	%	4.958	%
March 2027 notes	500.0		459.6		500.0		446.1		2.000	%	2.058	%
March 2028 notes	600.0		570.4		600.0		554.7		3.500	%	3.529	%
November 2028 notes	750.0		726.8		750.0		704.5		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		942.6		1,000.0		904.1		3.550	%	3.840	%
March 2030 notes	750.0		646.4		750.0		615.1		2.250	%	3.084	%
November 2030 notes	1,250.0		1,083.6		1,250.0		1,027.1		2.550	%	2.582	%
February 2031 notes	500.0		497.4		—		—		4.900	%	5.046	%
February 2032 notes	1,000.0		874.8		1,000.0		828.0		3.000	%	3.155	%
February 2033 notes	500.0		495.0		500.0		470.7		4.800	%	3.798	%
February 2034 notes	500.0		496.5		—		—		5.000	%	5.127	%
June 2045 notes	350.0		303.7		350.0		275.3		4.300	%	4.348	%
December 2047 notes	500.0		393.7		500.0		354.0		3.750	%	3.765	%
November 2048 notes	1,000.0		878.0		1,000.0		799.0		4.500	%	4.504	%
August 2049 notes	1,000.0		869.5		1,000.0		792.7		4.450	%	4.447	%
March 2050 notes	500.0		355.8		500.0		328.6		3.350	%	3.362	%
November 2050 notes	1,250.0		925.9		1,250.0		843.4		3.500	%	3.528	%
Total	15,700.0		14,209.9		15,519.3		13,426.2
Aggregate debt issuance costs and unamortized premium/(discount), net	(121.1)				(113.1)
Hedge accounting fair value adjustment(2)	(31.4)				(40.0)
Total	$	15,547.5			$	15,366.2

(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.

(2)Amount includes the change in fair value due to changes in benchmark interest rates related to hedging our October 2023 notes and $350.0 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap agreements designated as fair value hedges.

(3)Floating rate notes that bear interest at a rate equal to Compounded SOFR (as defined in the February 2024 notes) plus 0.420%, resulting in a stated interest rate of 5.848% at maturity on February 14, 2024.

(4)Japanese yen-denominated long-term debt.

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The following table summarizes our long-term debt maturities as of March 31, 2024 by fiscal year (in millions):

Fiscal Year	Total
2024	$	—
2025	1,250.0
2026	1,500.0
2027	1,500.0
2028	600.0
Thereafter	10,850.0
Total	$	15,700.0

Note 9: Leases

The components of lease costs (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Operating lease costs(1)	$	424.1	$	401.7	$	841.5	$	786.5
Variable lease costs	271.7		253.9		543.6		489.2
Short-term lease costs	7.2		7.0		14.9		14.0
Total lease costs	$	703.0	$	662.6	$	1,400.0	$	1,289.7

(1)Includes immaterial amounts of sublease income and rent concessions.

The following table includes supplemental information (in millions):

	Two Quarters Ended
	Mar 31, 2024			Apr 2, 2023
Cash paid related to operating lease liabilities	$	778.8		$	819.0
Operating lease liabilities arising from obtaining right-of-use assets	980.5			828.0
	Mar 31, 2024			Apr 2, 2023
Weighted-average remaining operating lease term	8.6 years			8.5 years
Weighted-average operating lease discount rate	3.2		%	2.9		%

Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. There were no material finance leases as of March 31, 2024 and October 1, 2023.

Minimum future maturities of operating lease liabilities (in millions):

Fiscal Year	Total
2024 (excluding the two quarters ended March 31, 2024)	$	861.1
2025	1,658.0
2026	1,515.8
2027	1,338.7
2028	1,139.4
Thereafter	4,589.9
Total lease payments	11,102.9
Less imputed interest	(1,515.9)
Total	$	9,587.0

As of March 31, 2024, we have entered into operating leases that have not yet commenced of $1.6 billion, primarily related to real estate leases. These leases will commence between fiscal year 2024 and fiscal year 2027 with lease terms ranging from two to twenty years.

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Note 10: Deferred Revenue

Our deferred revenue primarily consists of the prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, our unredeemed stored value card liability, and unredeemed loyalty points (“Stars”) associated with our loyalty program.

As of March 31, 2024, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $5.9 billion, respectively. As of October 1, 2023, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $6.0 billion, respectively. During each of the quarters ended March 31, 2024 and April 2, 2023, we recognized $44.1 million of prepaid royalty revenue related to Nestlé. During each of the two quarters ended March 31, 2024 and April 2, 2023, we recognized $88.2 million of prepaid royalty revenue related to Nestlé.

Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):

Quarter Ended March 31, 2024	Total
Stored value cards and loyalty program at December 31, 2023	$	2,169.7
Revenue deferred - card activations, card reloads and Stars earned	3,456.5
Revenue recognized - card and Stars redemptions and breakage	(3,792.4)
Other(1)	(14.9)
Stored value cards and loyalty program at March 31, 2024(2)	$	1,818.9
Quarter Ended April 2, 2023	Total
Stored value cards and loyalty program at January 1, 2023	$	2,025.6
Revenue deferred - card activations, card reloads and Stars earned	3,416.0
Revenue recognized - card and Stars redemptions and breakage	(3,778.4)
Other(1)	1.3
Stored value cards and loyalty program at April 2, 2023(2)	$	1,664.5
Two Quarters Ended March 31, 2024	Total
Stored value cards and loyalty program at October 1, 2023	$	1,567.5
Revenue deferred - card activations, card reloads and Stars earned	8,143.7
Revenue recognized - card and Stars redemptions and breakage	(7,890.8)
Other(1)	(1.5)
Stored value cards and loyalty program at March 31, 2024(2)	$	1,818.9
Two Quarters Ended April 2, 2023	Total
Stored value cards and loyalty program at October 2, 2022	$	1,503.0
Revenue deferred - card activations, card reloads and Stars earned	7,639.4
Revenue recognized - card and Stars redemptions and breakage	(7,492.5)
Other(1)	14.6
Stored value cards and loyalty program at April 2, 2023(2)	$	1,664.5

(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.

(2)As of March 31, 2024 and April 2, 2023, approximately $1.7 billion and $1.6 billion, respectively, of these amounts were current.

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Note 11:     Equity

Changes in AOCI by component, net of tax (in millions):

Quarter Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
March 31, 2024
Net gains/(losses) in AOCI, beginning of period	$	(7.9)	$	15.7	$	217.7	$	(783.3)	$	(557.8)
Net gains/(losses) recognized in OCI before reclassifications	(0.3)		27.1		69.2		(150.0)		(54.0)
Net (gains)/losses reclassified from AOCI to earnings	0.3		(2.2)		(7.7)		—		(9.6)
Other comprehensive income/(loss) attributable to Starbucks	—		24.9		61.5		(150.0)		(63.6)
Other comprehensive income/(loss) attributable to NCI	—		—		—		(0.1)		(0.1)
Net gains/(losses) in AOCI, end of period	$	(7.9)	$	40.6	$	279.2	$	(933.4)	$	(621.5)
April 2, 2023
Net gains/(losses) in AOCI, beginning of period	$	(13.9)	$	(34.9)	$	156.8	$	(646.9)	$	(538.9)
Net gains/(losses) recognized in OCI before reclassifications	2.8		(1.1)		(2.0)		74.7		74.4
Net (gains)/losses reclassified from AOCI to earnings	0.2		(52.1)		(5.2)		—		(57.1)
Other comprehensive income/(loss) attributable to Starbucks	3.0		(53.2)		(7.2)		74.7		17.3
Net gains/(losses) in AOCI, end of period	$	(10.9)	$	(88.1)	$	149.6	$	(572.2)	$	(521.6)
Two Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
March 31, 2024
Net gains/(losses) in AOCI, beginning of period	$	(12.3)	$	(47.5)	$	243.3	$	(961.7)	$	(778.2)
Net gains/(losses) recognized in OCI before reclassifications	3.9		60.7		50.3		28.2		143.1
Net (gains)/losses reclassified from AOCI to earnings	0.5		27.4		(14.4)		—		13.5
Other comprehensive income/(loss) attributable to Starbucks	4.4		88.1		35.9		28.2		156.6
Other comprehensive income/(loss) attributable to NCI	—		—		—		0.1		0.1
Net gains/(losses) in AOCI, end of period	$	(7.9)	$	40.6	$	279.2	$	(933.4)	$	(621.5)
April 2, 2023
Net gains/(losses) in AOCI, beginning of period	$	(15.5)	$	199.0	$	209.1	$	(855.8)	$	(463.2)
Net gains/(losses) recognized in OCI before reclassifications	4.3		(152.3)		(50.3)		283.6		85.3
Net (gains)/losses reclassified from AOCI to earnings	0.3		(134.8)		(9.2)		—		(143.7)
Other comprehensive income/(loss) attributable to Starbucks	4.6		(287.1)		(59.5)		283.6		(58.4)
Net gains/(losses) in AOCI, end of period	$	(10.9)	$	(88.1)	$	149.6	$	(572.2)	$	(521.6)

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Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Mar 31, 2024		Apr 2, 2023
Gains/(losses) on available-for-sale debt securities	$	(0.4)	$	(0.3)	Interest income and other, net
Gains/(losses) on cash flow hedges	3.8		59.9		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	10.2		7.0		Interest expense
	13.6		66.6		Total before tax
	(4.0)		(9.5)		Tax expense
	$	9.6	$	57.1	Net of tax
Two Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Mar 31, 2024		Apr 2, 2023
Gains/(losses) on available-for-sale debt securities	$	(0.7)	$	(0.4)	Interest income and other, net
Gains/(losses) on cash flow hedges	(29.7)		153.1		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	19.1		12.3		Interest expense
	(11.3)		165.0		Total before tax
	(2.2)		(21.3)		Tax expense
	$	(13.5)	$	143.7	Net of tax

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, we have 7.5 million shares of authorized preferred stock, none of which was outstanding as of March 31, 2024.

During the two quarters ended March 31, 2024 and April 2, 2023, we repurchased 12.8 million and 4.9 million shares of common stock on the open market for $1,250.1 million and $495.3 million, respectively. As of March 31, 2024, 29.8 million shares remained available for repurchase under current authorizations.

During the second quarter of fiscal 2024, our Board of Directors approved a quarterly cash dividend to shareholders of $0.57 per share to be paid on May 31, 2024 to shareholders of record as of the close of business on May 17, 2024.

Note 12: Employee Stock Plans

As of March 31, 2024, there were 84.9 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 10.0 million shares available for issuance under our employee stock purchase plan.

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Restricted Stock Units (“RSUs”)	$	78.3	$	74.1	$	173.2	$	159.2
Options	(0.1)		0.0		(0.2)		0.1
Total stock-based compensation expense	$	78.2	$	74.1	$	173.0	$	159.3

Stock option and RSU transactions from October 1, 2023 through March 31, 2024 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 1, 2023	2.0		7.3
Granted	—		4.1
Options exercised/RSUs vested	(0.6)		(2.9)
Forfeited/expired	—		(0.4)
Options outstanding/Nonvested RSUs, March 31, 2024	1.4		8.1
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 31, 2024	$	—	$	314.1

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Note 13: Earnings per Share

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Net earnings attributable to Starbucks	$	772.4	$	908.3	$	1,796.8	$	1,763.6
Weighted average common shares outstanding (for basic calculation)	1,132.4		1,148.5		1,134.5		1,148.4
Dilutive effect of outstanding common stock options and RSUs	3.0		4.2		3.5		4.4
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,135.4		1,152.7		1,138.0		1,152.8
EPS — basic	$	0.68	$	0.79	$	1.58	$	1.54
EPS — diluted	$	0.68	$	0.79	$	1.58	$	1.53

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes anti-dilutive stock options or unvested RSUs, which were immaterial in the periods presented.

Note 14: Commitments and Contingencies

Legal Proceedings

Starbucks is involved in various legal proceedings arising in the ordinary course of business, including litigation matters associated with labor union organizing efforts and certain employment litigation cases that have been certified as class or collective actions, but is not currently a party to any legal proceeding that management believes could have a material adverse effect on our consolidated financial position, results of operations, or cash flows. While we are closely monitoring the operational and financial impacts of labor union organizing efforts on our business, as of the date of this filing, we believe the risk of a material contingent loss associated with these litigation matters is remote. Refer to the Risk Factors in Part I, Item 1A of our most recently filed 10-K for further discussion of potential risks to our brand and related impacts on our financial results.

Note 15: 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
	Mar 31, 2024				Apr 2, 2023				Mar 31, 2024				Apr 2, 2023
Beverage(1)	$	5,160.6	60	%	$	5,226.9	60	%	$	10,856.4	60	%	$	10,401.4	60	%
Food(2)	1,583.0		18	%	1,590.9		18	%	3,339.9		19	%	3,157.0		18	%
Other(3)	1,819.4		22	%	1,902.0		22	%	3,792.0		21	%	3,875.4		22	%
Total	$	8,563.0	100	%	$	8,719.8	100	%	$	17,988.3	100	%	$	17,433.8	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.

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The tables below present financial information for our reportable operating segments and Corporate and Other (in millions):

Quarter Ended

	North America		International		Channel Development		Corporate and Other		Total
March 31, 2024
Total net revenues	$	6,380.0	$	1,757.3	$	418.2	$	7.5	$	8,563.0
Depreciation and amortization expenses	257.1		84.3		—		30.5		371.9
Income from equity investees	—		0.2		67.8		—		68.0
Operating income/(loss)	$	1,148.3	$	233.8	$	216.3	$	(499.5)	$	1,098.9
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
Two Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
March 31, 2024
Total net revenues	$	13,500.7	$	3,603.6	$	866.2	$	17.8	$	17,988.3
Depreciation and amortization expenses	507.5		168.3		—		61.4		737.2
Income from equity investees	—		0.3		123.5		—		123.8
Operating income/(loss)	$	2,669.1	$	475.3	$	426.0	$	(986.1)	$	2,584.3
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

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Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations

CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements contained herein are “forward-looking” statements within the meaning of applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections. Our forward-looking statements, and the risks and uncertainties related thereto, include, but are not limited to, those described under the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed 10-K and 10-Q and in other filings with the SEC, as well as:

•our ability to preserve, grow, and leverage our brands, including the risk of negative responses by consumers (such as boycotts or negative publicity campaigns) or governmental actors (such as retaliatory legislative treatment) who object to certain actions taken or not taken by the Company, which responses could adversely affect our brand value;

•the acceptance of the Company’s products and changes in consumer preferences, consumption, or spending behavior and our ability to anticipate or react to them; shifts in demographic or health and wellness trends; or unfavorable consumer reaction to new products, platforms, reformulations, or other innovations;

•our anticipated operating expenses, including our anticipated total capital expenditures;

•the costs associated with, and the successful execution and effects of, our existing and any future business opportunities, expansions, initiatives, strategies, investments, and plans, including our Triple Shot Reinvention with Two Pumps Plan (“Reinvention”);

•the impacts of partner investments and changes in the availability and cost of labor including any union organizing efforts and our responses to such efforts;

•the ability of our business partners, suppliers, and third-party providers to fulfill their responsibilities and commitments;

•higher costs, lower quality, or unavailability of coffee, dairy, cocoa, energy, water, raw materials, or product ingredients;

•the impact of significant increases in logistics costs;

•a worsening in the terms and conditions upon which we engage with our manufacturers and source suppliers, whether resulting from broader local or global conditions, or dynamics specific to our relationships with such parties;

•unfavorable global or regional economic conditions and related economic slowdowns or recessions, low consumer confidence, high unemployment, weak credit or capital markets, budget deficits, burdensome government debt, austerity measures, higher interest rates, higher taxes, political instability, higher inflation, or deflation;

•inherent risks of operating a global business including geopolitical instability;

•failure to attract or retain key executive or partner talent or successfully transition executives;

•the potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination, or mislabeling;

•negative publicity related to our Company, products, brands, marketing, executive leadership, partners, Board of Directors, founder, operations, business performance, expansions, initiatives, strategies, investments, plans, or prospects;

•potential negative effects of a material breach, failure, or corruption of our information technology systems or those of our direct and indirect business partners, suppliers, or third-party providers, or failure to comply with data protection laws;

•our environmental, social, and governance (“ESG”) efforts and any reaction related thereto, such as the rise in opposition to ESG and inclusion and diversity efforts;

•risks associated with acquisitions, dispositions, business partnerships, or investments – such as acquisition integration, termination difficulties or costs, or impairment in recorded value;

•the impact of foreign currency translation, particularly a stronger U.S. dollar;

•the impact of substantial competition from new entrants, consolidations by competitors, and other competitive activities, such as pricing actions (including price reductions, promotions, discounting, couponing, or free goods), marketing, category expansion, product introductions, or entry or expansion in our geographic markets;

•the impact of changes in U.S. tax law and related guidance and regulations that may be implemented, including on tax rates;

•the impact of health epidemics, pandemics, or other public health events on our business and financial results, and the risk of negative economic impacts and related regulatory measures or voluntary actions that may be put in place, including restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions;

•failure to comply with anti-corruption laws, trade sanctions, and restrictions, or similar laws or regulations; and

•the impact of significant legal disputes and proceedings, or government investigations.

In addition, many of the foregoing risks and uncertainties are, or could be, exacerbated by any worsening of the global business and economic environment. A forward-looking statement is neither a prediction nor a guarantee of future events or

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circumstances, and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this report. We are under no obligation to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise.

This information should be read in conjunction with the unaudited consolidated financial statements and the notes included in Item 1 of Part I of this 10-Q and the audited consolidated financial statements and notes, and Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”), contained in the 10-K filed with the SEC on November 17, 2023.

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Introduction and Overview

Starbucks is the premier roaster, marketer, and retailer of specialty coffee in the world, operating in 86 markets. As of March 31, 2024, Starbucks had more than 38,900 company-operated and licensed stores, an increase of 6% from the prior year. Additionally, we sell a variety of consumer-packaged goods, primarily through the Global Coffee Alliance established with Nestlé and other partnerships and joint ventures.

We have three reportable operating segments: 1) North America, which is inclusive of the U.S. and Canada; 2) International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and the Caribbean; and 3) Channel Development. Unallocated corporate expenses are reported within Corporate and Other.

We believe our financial results and long-term growth model will continue to be driven by new store openings, comparable store sales growth, and operating margin management, underpinned by disciplined capital allocation. We believe these key operating metrics are useful to investors because management uses these metrics to assess the growth of our business and the effectiveness of our marketing and operational strategies. Throughout this MD&A, we commonly discuss the following key operating metrics:

•New store openings and store count

•Comparable store sales growth

•Operating margin

Comparable store sales growth represents the percentage change in sales in one period from the same prior year period for company-operated stores open for 13 months or longer and excludes the impact of foreign currency translation. We analyze comparable store sales growth on a constant currency basis as this helps identify underlying business trends, without distortion from the effects of currency movements. Stores that are temporarily closed or operating at reduced hours remain in comparable store sales while stores identified for permanent closure have been removed.

Our fiscal year ends on the Sunday closest to September 30. Fiscal 2024 and 2023 include 52 weeks. All references to store counts, including data for new store openings, are reported net of store closures, unless otherwise noted.

Starbucks results for the second quarter of fiscal 2024 reflect a complex operating environment globally, including softening consumer sentiment, a pervasive inflationary environment, and disruptions due to multiple international conflicts. However, efficiencies continue to be realized from the strategies underpinning Reinvention, leading to tangible financial benefits, which counterbalance broader headwinds. During the second quarter of fiscal 2024, consolidated net revenues decreased 2% to $8.6 billion compared to $8.7 billion in the second quarter of fiscal 2023, primarily driven by a decline in global comparable store sales and unfavorable foreign currency fluctuations, partially offset by incremental revenues from net new company-operated store openings over the past 12 months. During the quarter ended March 31, 2024, our global comparable store sales declined 4%, primarily driven by a 3% decline in the U.S. market and a 6% decline internationally. Consolidated operating margin decreased 240 basis points from the prior year to 12.8%, primarily driven by deleverage, increased investments in store partner wages and benefits, increased promotional activity, lapping the gain from the sale of our Seattle’s Best Coffee brand in the second quarter of fiscal 2023, and higher general and administrative expenses, primarily in support of Reinvention. These decreases were partially offset by strategic pricing and in-store operational efficiencies.

We anticipate the complex global operating environment and the related headwinds we experienced in the first half of fiscal 2024 may continue to impact the balance of our fiscal year. Despite these challenges, we have many strengths to build upon, including our global brand, our loyal global customer base, strong new store performance, an innovative pipeline of products, and our continued execution against Reinvention-related operational efficiencies. Our Triple Shot Reinvention strategy is progressing, enhancing our capabilities and giving us continued confidence in our long-term growth and durable business model.

Results of Operations (in millions)

Revenues

	Quarter Ended								Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		$ Change		% Change		Mar 31, 2024		Apr 2, 2023		$ Change		% Change
Company-operated stores	$	7,052.6	$	7,142.3	$	(89.7)	(1.3)	%	$	14,807.9	$	14,225.7	$	582.2	4.1	%
Licensed stores	1,054.5		1,069.5		(15.0)		(1.4)		2,246.6		2,189.0		57.6		2.6
Other	455.9		508.0		(52.1)		(10.3)		933.8		1,019.1		(85.3)		(8.4)
Total net revenues	$	8,563.0	$	8,719.8	$	(156.8)	(1.8)	%	$	17,988.3	$	17,433.8	$	554.5	3.2	%

For the quarter ended March 31, 2024 compared with the quarter ended April 2, 2023

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Total net revenues for the second quarter of fiscal 2024 decreased $157 million, primarily due to lower revenues from company-operated stores ($90 million). The decrease in revenues from company-operated stores was driven by a 4% decrease in comparable store sales ($253 million), attributable to a 6% decrease in comparable transactions and a 2% increase in average ticket. Also contributing to company-operated stores revenue were unfavorable foreign currency translation impacts ($91 million). Partially offsetting these decreases were incremental revenues from 1,454 net new company-operated stores, or an 8% increase, over the past 12 months ($255 million).

Licensed stores revenue decreased $15 million, primarily driven by lower product and equipment sales to and royalty revenues from our licensees ($11 million) and unfavorable foreign currency translation impacts ($7 million).

Other revenues decreased $52 million, primarily due to a decline in revenue in the Global Coffee Alliance ($59 million) following the sale of our Seattle’s Best Coffee brand to Nestlé in the second quarter of fiscal 2023 as well as product SKU optimization.

For the two quarters ended March 31, 2024 compared with the two quarters ended April 2, 2023

Total net revenues for the first two quarters of fiscal 2024 increased $555 million, primarily due to higher revenues from company-operated stores ($582 million). The growth of company-operated stores revenue was driven by incremental revenues from 1,454 net new company-operated stores, or an 8% increase, over the past 12 months ($582 million). Also contributing to the growth of company-operated stores revenue was a 1% increase in comparable store sales ($117 million), attributable to a 2% increase in average ticket, partially offset by a 1% decrease in comparable transactions. Partially offsetting these increases to company-operated stores revenue were unfavorable foreign currency translation impacts ($121 million).

Licensed stores revenue increased $58 million, driven by higher product and equipment sales to, and royalty revenues from, our licensees ($51 million), primarily driven by revenues from 863 net new licensed store openings, or a 5% increase, over the past 12 months.

Other revenues decreased $85 million, primarily due to a decline in revenue in the Global Coffee Alliance ($78 million) following the sale of our Seattle’s Best Coffee brand to Nestlé in the second quarter of fiscal 2023 as well as product SKU optimization.

Operating Expenses

	Quarter Ended										Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023
							As a % of Total Net Revenues										As a % of Total Net Revenues
Product and distribution costs	$	2,648.7	$	2,801.7	$	(153.0)	30.9	%	32.1	%	$	5,629.2	$	5,611.9	$	17.3	31.3	%	32.2	%
Store operating expenses	3,724.1		3,636.0		88.1		43.5		41.7		7,575.6		7,301.3		274.3		42.1		41.9
Other operating expenses	132.8		126.2		6.6		1.6		1.4		283.2		255.4		27.8		1.6		1.5
Depreciation and amortization expenses	371.9		341.9		30.0		4.3		3.9		737.2		669.0		68.2		4.1		3.8
General and administrative expenses	654.6		620.4		34.2		7.6		7.1		1,302.6		1,201.3		101.3		7.2		6.9
Restructuring and impairments	—		8.8		(8.8)		—		0.1		—		14.7		(14.7)		—		0.1
Total operating expenses	7,532.1		7,535.0		(2.9)		88.0		86.4		15,527.8		15,053.6		474.2		86.3		86.3
Income from equity investees	68.0		51.4		16.6		0.8		0.6		123.8		109.2		14.6		0.7		0.6
Gain from sale of assets	—		91.3		(91.3)		—		1.0		—		91.3		(91.3)		—		0.5
Operating income	$	1,098.9	$	1,327.5	$	(228.6)	12.8	%	15.2	%	$	2,584.3	$	2,580.7	$	3.6	14.4	%	14.8	%
Store operating expenses as a % of company-operated stores revenue							52.8	%	50.9	%							51.2	%	51.3	%

For the quarter ended March 31, 2024 compared with the quarter ended April 2, 2023

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Product and distribution costs as a percentage of total net revenues decreased 120 basis points for the second quarter of fiscal 2024, primarily due to the impact of increased sales from pricing (approximately 60 basis points) and a reduction in supply chain costs (approximately 50 basis points).

Store operating expenses as a percentage of total net revenues increased 180 basis points for the second quarter of fiscal 2024. Store operating expenses as a percentage of company-operated stores revenue increased 190 basis points, primarily due to increased investments in store partner wages and benefits (approximately 160 basis points), deleverage (approximately 110 basis points), and increased promotional activity (approximately 60 basis points). These increases were partially offset by in-store operational efficiencies (approximately 180 basis points).

Other operating expenses increased $7 million, primarily due to support costs for our growing licensed markets.

Depreciation and amortization expenses as a percentage of total net revenues increased 40 basis points, primarily due to deleverage.

General and administrative expenses increased $34 million, primarily due to certain proxy solicitation and advisory services costs ($30 million) and incremental investments in technology ($22 million). These increases were partially offset by the lapping of a donation to the Starbucks Foundation made in the second quarter of fiscal 2023 ($15 million).

Gain from sale of assets includes the sale of our Seattle’s Best Coffee Brand to Nestlé in the second quarter of fiscal 2023.

Income from equity investees increased $17 million, primarily due to higher income from our North American Coffee Partnership joint venture.

The combination of these changes resulted in an overall decrease in operating margin of 240 basis points for the second quarter of fiscal 2024.

For the two quarters ended March 31, 2024 compared with the two quarters ended April 2, 2023

Product and distribution costs as a percentage of total net revenues decreased 90 basis points for the first two quarters of fiscal 2024, primarily due to the impact of increased sales from pricing (approximately 60 basis points).

Store operating expenses as a percentage of total net revenues increased 20 basis points for the first two quarters of fiscal 2024. Store operating expenses as a percentage of company-operated stores revenue decreased 10 basis points, primarily due to in-store operational efficiencies (approximately 210 basis points), partially offset by increased investments in store partner wages and benefits (approximately 150 basis points), and increased promotional activity (approximately 50 basis points).

Other operating expenses increased $28 million, primarily due to support costs for our growing licensed markets.

Depreciation and amortization expenses as a percentage of total net revenues increased 30 basis points, primarily due to deleverage.

General and administrative expenses increased $101 million, primarily due to incremental investments in technology ($52 million), investments in partner wages and benefits ($48 million), and certain proxy solicitation and advisory services costs ($30 million). These increases were partially offset by the lapping of a donation to the Starbucks Foundation made in the second quarter of fiscal 2023 ($15 million).

Gain from sale of assets includes the sale of our Seattle’s Best Coffee Brand to Nestlé in the second quarter of fiscal 2023.

Income from equity investees increased $15 million, primarily due to higher income from our North American Coffee Partnership joint venture.

The combination of these changes resulted in an overall decrease in operating margin of 40 basis points for the first two quarters of fiscal 2024.

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Other Income and Expenses 

	Quarter Ended										Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023
							As a % of Total Net Revenues										As a % of Total Net Revenues
Operating income	$	1,098.9	$	1,327.5	$	(228.6)	12.8	%	15.2	%	$	2,584.3	$	2,580.7	$	3.6	14.4	%	14.8	%
Interest income and other, net	34.1		18.4		15.7		0.4		0.2		67.9		30.0		37.9		0.4		0.2
Interest expense	(140.6)		(136.3)		(4.3)		(1.6)		(1.6)		(280.7)		(266.0)		(14.7)		(1.6)		(1.5)
Earnings before income taxes	992.4		1,209.6		(217.2)		11.6		13.9		2,371.5		2,344.7		26.8		13.2		13.4
Income tax expense	219.9		301.3		(81.4)		2.6		3.5		574.6		581.1		(6.5)		3.2		3.3
Net earnings including noncontrolling interests	772.5		908.3		(135.8)		9.0		10.4		1,796.9		1,763.6		33.3		10.0		10.1
Net earnings attributable to noncontrolling interests	0.1		—		0.1		0.0		—		0.1		—		0.1		0.0		—
Net earnings attributable to Starbucks	$	772.4	$	908.3	$	(135.9)	9.0	%	10.4	%	$	1,796.8	$	1,763.6	$	33.2	10.0	%	10.1	%
Effective tax rate including noncontrolling interests							22.2	%	24.9	%							24.2	%	24.8	%

For the quarter ended March 31, 2024 compared with the quarter ended April 2, 2023

Interest income and other, net increased $16 million and interest expense increased $4 million, both primarily due to higher interest rates in the current year.

The effective tax rate for the quarter ended March 31, 2024 was 22.2% compared to 24.9% for the same period in fiscal 2023. The decrease was primarily due to electing an alternative tax approach in a certain foreign jurisdiction that resulted in a tax benefit in the second quarter of fiscal 2024 (approximately 300 basis points).

For the two quarters ended March 31, 2024 compared with the two quarters ended April 2, 2023

Interest income and other, net increased $38 million and interest expense increased $15 million, both primarily due to higher interest rates in the current year.

The effective tax rate for the first two quarters ended March 31, 2024 was 24.2% compared to 24.8% for the same period in fiscal 2023. The decrease was due to electing an alternative tax approach in a certain foreign jurisdiction that resulted in a tax benefit in the second quarter of fiscal 2024 (approximately 130 basis points), partially offset by the accrual of foreign withholding taxes related to the current year earnings of certain foreign subsidiaries (approximately 60 basis points).

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Segment Information

Results of operations by segment (in millions):

North America

	Quarter Ended										Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023
							As a % of North America Total Net Revenues										As a % of North America Total Net Revenues
Net revenues:
Company-operated stores	$	5,724.5	$	5,742.7	$	(18.2)	89.7	%	90.0	%	$	12,105.7	$	11,613.2	$	492.5	89.7	%	89.8	%
Licensed stores	654.8		637.4		17.4		10.3		10.0		1,392.7		1,317.4		75.3		10.3		10.2
Other	0.7		0.5		0.2		0.0		0.0		2.3		1.2		1.1		0.0		0.0
Total net revenues	6,380.0		6,380.6		(0.6)		100.0		100.0		13,500.7		12,931.8		568.9		100.0		100.0
Product and distribution costs	1,767.7		1,821.7		(54.0)		27.7		28.6		3,791.6		3,739.3		52.3		28.1		28.9
Store operating expenses	3,037.4		2,951.6		85.8		47.6		46.3		6,185.1		5,983.0		202.1		45.8		46.3
Other operating expenses	67.1		63.4		3.7		1.1		1.0		144.5		128.9		15.6		1.1		1.0
Depreciation and amortization expenses	257.1		226.3		30.8		4.0		3.5		507.5		443.1		64.4		3.8		3.4
General and administrative expenses	102.4		91.2		11.2		1.6		1.4		202.9		193.5		9.4		1.5		1.5
Restructuring and impairments	—		8.5		(8.5)		—		0.1		—		13.6		(13.6)		—		0.1
Total operating expenses	5,231.7		5,162.7		69.0		82.0		80.9		10,831.6		10,501.4		330.2		80.2		81.2
Operating income	$	1,148.3	$	1,217.9	$	(69.6)	18.0	%	19.1	%	$	2,669.1	$	2,430.4	$	238.7	19.8	%	18.8	%
Store operating expenses as a % of company-operated stores revenue							53.1	%	51.4	%							51.1	%	51.5	%

For the quarter ended March 31, 2024 compared with the quarter ended April 2, 2023

Revenues

North America total net revenues for the second quarter of fiscal 2024 were nearly flat when compared to the prior year period, primarily due to a 3% decrease in comparable store sales ($178 million) driven by a 7% decrease in comparable transactions, partially offset by a 4% increase in average ticket, primarily due to annualization of pricing and a mix shift to cold beverages. This comparable store sales decrease was partially offset by performance of net new company-operated store openings over the past 12 months ($160 million), as well as higher product and equipment sales to, and royalty revenues from, our licensees ($14 million).

Operating Margin

North America operating income for the second quarter of fiscal 2024 decreased 6% to $1.1 billion, compared to $1.2 billion in the second quarter of fiscal 2023. Operating margin decreased 110 basis points to 18.0%, primarily due to deleverage (approximately 190 basis points), increased investments in store partner wages and benefits (approximately 140 basis points), and increased promotional activity (approximately 90 basis points), partially offset by strategic pricing (approximately 200 basis points) and in-store operational efficiencies (approximately 180 basis points).

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For the two quarters ended March 31, 2024 compared with the two quarters ended April 2, 2023

Revenues

North America total net revenues for the first two quarters of fiscal 2024 increased $569 million, or 4%, primarily due to net new company-operated store openings over the past 12 months ($382 million) and a 1% increase in comparable store sales ($110 million) driven by a 4% increase in average ticket, primarily due to annualization of pricing. This was partially offset by a 3% decrease in comparable transactions. Also contributing to these increases were higher product and equipment sales to, and royalty revenues from, our licensees ($63 million).

Operating Margin

North America operating income for the first two quarters of fiscal 2024 increased 10% to $2.7 billion, compared to $2.4 billion in the first two quarters of fiscal 2023. Operating margin increased 100 basis points to 19.8%, primarily driven by in-store operational efficiencies (approximately 220 basis points) and strategic pricing (approximately 180 basis points), partially offset by increased investments in store partner wages and benefits (approximately 130 basis points) and increased promotional activity (approximately 70 basis points).

International

	Quarter Ended										Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023
							As a % of International Total Net Revenues										As a % of International Total Net Revenues
Net revenues:
Company-operated stores	$	1,328.1	$	1,399.6	$	(71.5)	75.6	%	75.5	%	$	2,702.2	$	2,612.5	$	89.7	75.0	%	73.9	%
Licensed stores	399.7		432.1		(32.4)		22.7		23.3		853.9		871.6		(17.7)		23.7		24.7
Other	29.5		23.1		6.4		1.7		1.2		47.5		50.8		(3.3)		1.3		1.4
Total net revenues	1,757.3		1,854.8		(97.5)		100.0		100.0		3,603.6		3,534.9		68.7		100.0		100.0
Product and distribution costs	619.8		632.9		(13.1)		35.3		34.1		1,286.4		1,226.5		59.9		35.7		34.7
Store operating expenses	686.7		684.4		2.3		39.1		36.9		1,390.5		1,318.3		72.2		38.6		37.3
Other operating expenses	50.0		49.9		0.1		2.8		2.7		110.1		100.6		9.5		3.1		2.8
Depreciation and amortization expenses	84.3		86.3		(2.0)		4.8		4.7		168.3		167.7		0.6		4.7		4.7
General and administrative expenses	82.9		87.4		(4.5)		4.7		4.7		173.3		167.9		5.4		4.8		4.7
Total operating expenses	1,523.7		1,540.9		(17.2)		86.7		83.1		3,128.6		2,981.0		147.6		86.8		84.3
Income from equity investees	0.2		0.8		(0.6)		0.0		0.0		0.3		1.2		(0.9)		0.0		0.0
Operating income	$	233.8	$	314.7	$	(80.9)	13.3	%	17.0	%	$	475.3	$	555.1	$	(79.8)	13.2	%	15.7	%
Store operating expenses as a % of company-operated stores revenue							51.7	%	48.9	%							51.5	%	50.5	%

For the quarter ended March 31, 2024 compared with the quarter ended April 2, 2023

Revenues

International total net revenues for the second quarter of fiscal 2024 decreased $98 million, or 5%, primarily due to unfavorable foreign currency translation impacts ($102 million), as well as a 6% decline in comparable store sales ($75 million), driven by a 3% decline in comparable transactions and a 3% decline in average ticket. Also contributing to the decline in international total net revenues were lower product and equipment sales to, and royalty revenues from, our licensees ($25 million), largely driven

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by disruptions due to multiple international conflicts. These decreases were partially offset by 974 net new company-operated store openings, or a 12% increase, over the past 12 months ($95 million).

Operating Margin

International operating income for the second quarter of fiscal 2024 decreased to $234 million, compared to $315 million in the second quarter of fiscal 2023. Operating margin decreased 370 basis points to 13.3%, primarily due to increased promotional activity (approximately 220 basis points), increased investments in store partner wages and benefits (approximately 130 basis points), and sales mix shift (approximately 90 basis points), partially offset by pricing in certain markets (approximately 100 basis points).

For the two quarters ended March 31, 2024 compared with the two quarters ended April 2, 2023

Revenues

International total net revenues for the first two quarters of fiscal 2024 increased $69 million, or 2%, primarily due to 974 net new company-operated store openings, or a 12% increase, over the past 12 months ($199 million). This increase was partially offset by unfavorable foreign currency translation impacts ($130 million).

Operating Margin

International operating income for the first two quarters of fiscal 2024 decreased to $475 million, compared to $555 million for the same period in fiscal 2023. Operating margin decreased 250 basis points to 13.2%, primarily due to increased promotional activity (approximately 190 basis points), increased investments in store partner wages and benefits (approximately 120 basis points), and sales mix shift (approximately 80 basis points). These decreases were partially offset by leverage (approximately 120 basis points) and pricing in certain markets (approximately 70 basis points).

Channel Development 

	Quarter Ended										Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023		$ Change		Mar 31, 2024		Apr 2, 2023
							As a % of Channel Development Total Net Revenues										As a % of Channel Development Total Net Revenues
Net revenues	$	418.2	$	480.7	$	(62.5)					$	866.2	$	958.9	$	(92.7)
Product and distribution costs	252.6		345.6		(93.0)		60.4	%	71.9	%	531.5		639.8		(108.3)		61.4	%	66.7	%
Other operating expenses	15.2		12.8		2.4		3.6		2.7		28.0		25.8		2.2		3.2		2.7
Depreciation and amortization expenses	—		—		—		—		—		—		0.1		(0.1)		—		0.0
General and administrative expenses	1.9		2.1		(0.2)		0.5		0.4		4.2		4.1		0.1		0.5		0.4
Total operating expenses	269.7		360.5		(90.8)		64.5		75.0		563.7		669.8		(106.1)		65.1		69.9
Income from equity investees	67.8		50.6		17.2		16.2		10.5		123.5		108.0		15.5		14.3		11.3
Gain from sale of assets	—		91.3		(91.3)		—		19.0		—		91.3		(91.3)		—		9.5
Operating income	$	216.3	$	262.1	$	(45.8)	51.7	%	54.5	%	$	426.0	$	488.4	$	(62.4)	49.2	%	50.9	%

For the quarter ended March 31, 2024 compared with the quarter ended April 2, 2023

Revenues

Channel Development total net revenues for the second quarter of fiscal 2024 decreased $63 million, or 13%, primarily due to a decline in revenue in the Global Coffee Alliance ($59 million), following the sale of our Seattle’s Best Coffee brand to Nestlé in the second quarter of fiscal 2023 as well as product SKU optimization.

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Operating Margin

Channel Development operating income for the second quarter of fiscal 2024 decreased 17% to $216 million, compared to $262 million in the second quarter of fiscal 2023. Operating margin decreased 280 basis points to 51.7%, primarily driven by lapping the gain from the sale of our Seattle’s Best Coffee brand in the second quarter of fiscal 2023 (approximately 1,900 basis points), partially offset by growth in our North American Coffee Partnership joint venture income (approximately 570 basis points), mix shift (approximately 510 basis points), lapping impairment charges against certain manufacturing assets in the second quarter of fiscal 2023 (approximately 350 basis points), and lower product costs related to the Global Coffee Alliance (approximately 240 basis points).

For the two quarters ended March 31, 2024 compared with the two quarters ended April 2, 2023

Revenues

Channel Development total net revenues for the first two quarters of fiscal 2024 decreased $93 million, or 10%, primarily due to a decline in revenue in the Global Coffee Alliance ($78 million), primarily following the sale of our Seattle’s Best Coffee brand to Nestlé in the second quarter of fiscal 2023 as well as product SKU optimization, and lower revenue in our global ready-to-drink business ($21 million).

Operating Margin

Channel Development operating income for the first two quarters of fiscal 2024 decreased 13% to $426 million, compared to $488 million for the same period in fiscal 2023. Operating margin decreased 170 basis points to 49.2%, primarily due to lapping the gain from the sale of our Seattle’s Best Coffee brand in the second quarter of fiscal 2023 (approximately 950 basis points), partially offset by mix shift (approximately 440 basis points) and growth in our North American Coffee Partnership joint venture income (approximately 300 basis points).

Corporate and Other

	Quarter Ended								Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		$ Change		% Change		Mar 31, 2024		Apr 2, 2023		$ Change		% Change
Net revenues:
Other	$	7.5	$	3.7	$	3.8	102.7	%	$	17.8	$	8.2	$	9.6	117.1	%
Total net revenues	7.5		3.7		3.8		102.7		17.8		8.2		9.6		117.1
Product and distribution costs	8.6		1.5		7.1		473.3		19.7		6.3		13.4		212.7
Other operating expenses	0.5		0.1		0.4		400.0		0.6		0.1		0.5		500.0
Depreciation and amortization expenses	30.5		29.3		1.2		4.1		61.4		58.1		3.3		5.7
General and administrative expenses	467.4		439.7		27.7		6.3		922.2		835.8		86.4		10.3
Restructuring and impairments	—		0.3		(0.3)		nm		—		1.1		(1.1)		nm
Total operating expenses	507.0		470.9		36.1		7.7		1,003.9		901.4		102.5		11.4
Operating loss	$	(499.5)	$	(467.2)	$	(32.3)	6.9	%	$	(986.1)	$	(893.2)	$	(92.9)	10.4	%

Corporate and Other primarily consists of our unallocated corporate expenses. Unallocated corporate expenses include corporate administrative functions that support the operating segments but are not specifically attributable to or managed by any segment and are not included in the reported financial results of the operating segments.

For the quarter ended March 31, 2024 compared with the quarter ended April 2, 2023

Corporate and Other operating loss increased by 7% to $500 million for the second quarter of fiscal 2024 compared to $467 million for the second quarter of fiscal 2023. This increase was primarily driven by certain proxy solicitation and advisory services costs ($30 million) and incremental investments in technology in support of Reinvention ($22 million). These increases were partially offset by the lapping of a donation to the Starbucks Foundation made in the second quarter of fiscal 2023 ($15 million).

For the two quarters ended March 31, 2024 compared with the two quarters ended April 2, 2023

Corporate and Other operating loss increased to $986 million for the first two quarters of fiscal 2024, or 10%, compared to $893 million for the same period in fiscal 2023. This increase was primarily driven by incremental investments in technology in support of Reinvention ($52 million), certain proxy solicitation and advisory services costs ($30 million), and investments in partner wages and benefits ($28 million). These increases were partially offset by the lapping of a donation to the Starbucks Foundation made in the second quarter of fiscal 2023 ($15 million).

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Quarterly Store Data

Our store data for the periods presented is as follows:

	Net stores opened/(closed) and transferred during the period
	Quarter Ended		Two Quarters Ended		Stores open as of
	Mar 31, 2024	Apr 2, 2023	Mar 31, 2024	Apr 2, 2023	Mar 31, 2024	Apr 2, 2023
North America
Company-operated stores	112	91	199	131	10,827	10,347
Licensed stores	22	10	56	56	7,238	7,135
Total North America	134	101	255	187	18,065	17,482
International
Company-operated stores	132	174	318	271	9,282	8,308
Licensed stores	98	189	340	465	11,604	10,844
Total International	230	363	658	736	20,886	19,152
Total Company	364	464	913	923	38,951	36,634

Financial Condition, Liquidity and Capital Resources

Cash and Investment Overview

Our cash and investments were $3.4 billion as of March 31, 2024 and $4.2 billion as of October 1, 2023. We actively manage our cash and investments in order to internally fund operating needs, make scheduled interest and principal payments on our borrowings, fund acquisitions, and return cash to shareholders through common stock cash dividend payments and share repurchases. Our investment portfolio primarily includes highly liquid available-for-sale securities, including corporate debt securities, government treasury securities (domestic and foreign), and commercial paper, as well as principal-protected structured deposits. As of March 31, 2024, approximately $2.0 billion of cash and short-term investments were held in foreign subsidiaries.

Borrowing Capacity

Revolving Credit Facility

Our $3.0 billion unsecured five-year revolving credit facility (the “2021 credit facility”), of which $150.0 million may be used for issuances of letters of credit, is currently set to mature on September 16, 2026. The 2021 credit facility is available for working capital, capital expenditures, and other corporate purposes, including acquisitions and share repurchases. We have the option, subject to negotiation and agreement with the related banks, to increase the maximum commitment amount by an additional $1.0 billion.

Borrowings under the 2021 credit facility, which was most recently amended in April 2023, will bear interest at a variable rate based on Term SOFR, and, for U.S. dollar-denominated loans under certain circumstances, a Base Rate (as defined in the 2021 credit facility), in each case plus an applicable margin. The applicable margin is based on the Company’s long-term credit ratings assigned by the Moody’s and Standard & Poor’s rating agencies. The “Base Rate” is the highest of (i) the Federal Funds Rate (as defined in the 2021 credit facility) plus 0.500%, (ii) Bank of America’s prime rate, and (iii) Term SOFR plus 1.000%. Term SOFR means the forward-looking SOFR term rate administrated by the Chicago Mercantile Exchange plus a SOFR Adjustment of 0.100%.

The 2021 credit facility contains provisions requiring us to maintain compliance with certain covenants, including a minimum fixed charge coverage ratio, which measures our ability to cover financing expenses. As of March 31, 2024, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of March 31, 2024 or October 1, 2023.

Commercial Paper

Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3.0 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our 2021 credit facility. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures, and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock, and share repurchases. No amounts were outstanding under our commercial paper program as

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of March 31, 2024 and October 1, 2023. Our total available contractual borrowing capacity for general corporate purposes was $3.0 billion as of the end of our second quarter of fiscal 2024.

Credit Facilities in Japan

Additionally, we hold the following Japanese yen-denominated credit facilities that are available for working capital needs and capital expenditures within our Japanese market.

•A ¥5.0 billion, or $33.0 million, credit facility is currently set to mature on December 30, 2024. Borrowings under this credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.400%.

•A ¥10.0 billion, or $66.1 million, credit facility is currently set to mature on March 27, 2025. Borrowings under this credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.300%.

As of March 31, 2024, we had ¥5.0 billion, or $33.0 million, of borrowings outstanding under these credit facilities. As of October 1, 2023, we had ¥5.0 billion, or $33.5 million, of borrowings outstanding under these credit facilities.

See Note 8, Debt, to the consolidated financial statements included in Item 1 of Part I of this 10-Q for details of the components of our long-term debt.

Our ability to incur new liens and conduct sale and leaseback transactions on certain material properties is subject to compliance with terms of the indentures under which the long-term notes were issued. As of March 31, 2024, we were in compliance with all applicable covenants.

Use of Cash

We expect to use our available cash and investments, including, but not limited to, additional potential future borrowings under the credit facilities, commercial paper program, and the issuance of debt to support and invest in our core businesses, including investing in new ways to serve our customers and supporting our store partners, repaying maturing debts, returning cash to shareholders through common stock cash dividend payments and discretionary share repurchases, and investing in new business opportunities related to our core and developing businesses. Furthermore, we may use our available cash resources to make proportionate capital contributions to our investees. We may also seek strategic acquisitions to leverage existing capabilities and further build our business. Acquisitions may include increasing our ownership interests in our investees. Any decisions to increase such ownership interests will be driven by valuation and fit with our ownership strategy.

We believe that net future cash flows generated from operations and existing cash and investments both domestically and internationally, combined with our ability to leverage our balance sheet through the issuance of debt, will be sufficient to finance capital requirements for our core businesses as well as shareholder distributions for at least the next 12 months. We are currently not aware of any trends or demands, commitments, events, or uncertainties that will result in, or that are reasonably likely to result in, our liquidity increasing or decreasing in any material way that will impact our capital needs during or beyond the next 12 months. We have borrowed funds and continue to believe we have the ability to do so at reasonable interest rates; however, additional borrowings would result in increased interest expense in the future. In this regard, we may incur additional debt, within targeted levels, as part of our plans to fund our capital programs, including cash returns to shareholders through future dividends and discretionary share repurchases, refinancing debt maturities, as well as investing in new business opportunities. If necessary, we may pursue additional sources of financing, including both short-term and long-term borrowings and debt issuances.

We regularly review our cash positions and our determination of partial indefinite reinvestment of foreign earnings. In the event we determine that all or another portion of such foreign earnings are no longer indefinitely reinvested, we may be subject to additional foreign withholding taxes, which could be material. Any foreign earnings that are not indefinitely reinvested may be repatriated at management’s discretion. In anticipation of repatriation of current year earnings of certain foreign subsidiaries, we accrued approximately $11 million for foreign withholding taxes during the first two quarters of fiscal year 2024.

During the second quarter of fiscal 2024, our Board of Directors approved a quarterly cash dividend to shareholders of $0.57 per share to be paid on May 31, 2024 to shareholders of record as of the close of business on May 17, 2024.

During the two quarters ended March 31, 2024, we repurchased 12.8 million shares of common stock for $1,250.1 million on the open market. As of March 31, 2024, 29.8 million shares remained available for repurchase under current authorizations.

Other than normal operating expenses, cash requirements for the remainder of fiscal 2024 are expected to consist primarily of capital expenditures for investments in our new and existing stores, our supply chain, and corporate facilities. Total capital expenditures for fiscal 2024 are expected to be approximately $3.0 billion.

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In the MD&A included in the 10-K, we disclosed that we had $33.9 billion of current and long-term material cash requirements as of October 1, 2023. There have been no material changes to our material cash requirements during the period covered by this 10-Q outside of the normal course of our business.

Cash Flows

Net cash provided by operating activities was $2.9 billion for the first two quarters of fiscal 2024, compared to $2.4 billion for the same period in fiscal 2023. The change was primarily due to an increase in net cash provided by changes in operating assets and liabilities, an increase in non-cash lease costs, and lapping the gain on sale of assets from the prior year sale of Seattle’s Best Coffee brand to Nestlé.

Net cash used in investing activities totaled $1.3 billion for the first two quarters of fiscal 2024, compared to $907.0 million for the same period in fiscal 2023. The change was primarily due to an increase in capital expenditures, purchases of investments, and lapping the proceeds from sale of assets from the prior year sale of Seattle’s Best Coffee brand to Nestlé, partially offset by an increase in maturities and calls of investments.

Net cash used in financing activities for the first two quarters of fiscal 2024 totaled $2.4 billion, compared to $1.3 billion for the same period in fiscal 2023. The change was primarily due to an increase in repayments of debt and an increase in share repurchase activities, partially offset by net proceeds from issuances of debt.

Commodity Prices, Availability and General Risk Conditions

Commodity price risk represents our primary market risk, generated by our purchases of green coffee and dairy products, among other items. We purchase, roast, and sell high-quality arabica coffee and related products, and risk arises from the price volatility of green coffee. In addition to coffee, we also purchase significant amounts of dairy products to support the needs of our company-operated stores. The price and availability of these commodities directly impact our results of operations, and we expect commodity prices, particularly coffee, to impact future results of operations. For additional details, see Product Supply in Item 1 of the 10-K, as well as Risk Factors in Part I, Item 1A of the 10-K.

Seasonality and Quarterly Results

Our business is subject to moderate seasonal fluctuations, of which our fiscal second quarter typically experiences lower revenues and operating income. Additionally, as our stored value cards (“Starbucks Cards”) are issued to, and loaded by, customers during the holiday season, we tend to have higher cash flows from operations during the first quarter of the fiscal year. However, since revenues from Starbucks Cards are recognized upon redemption and not when cash is loaded onto the Starbucks Cards, the impact of seasonal fluctuations on the consolidated statements of earnings is much less pronounced. As a result of moderate seasonal fluctuations, results for any quarter are not necessarily indicative of the results that may be achieved for the full fiscal year.

Critical Accounting Estimates

The preparation of financial statements and related disclosures in conformity with U.S. generally accepted accounting principles and the Company’s discussion and analysis of its financial condition and operating results require the Company’s management to make judgments, assumptions, and estimates that affect the amounts reported. Note 1, Summary of Significant Accounting Policies and Estimates, to the consolidated financial statements included in Item 1 of Part I of this 10-Q and in the Notes to Consolidated Financial Statements in Part II, Item 8 of the 10-K describe the significant accounting policies and methods used in the preparation of the Company’s consolidated financial statements. There have been no material changes to the Company’s critical accounting estimates since the 10-K.

RECENT ACCOUNTING PRONOUNCEMENTS

See Note 1, Summary of Significant Accounting Policies and Estimates, to the consolidated financial statements included in Item 1 of Part I of this 10-Q, for a detailed description of recent accounting pronouncements.

Item 3.Quantitative and Qualitative Disclosures About Market Risk

There has been no material change in the commodity price risk, foreign currency exchange risk, equity security price risk, or interest rate risk discussed in Item 7A of the 10-K.

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Item 4. Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that material information required to be disclosed in our periodic reports filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms. Our disclosure controls and procedures are also designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

During the second quarter of fiscal 2024, we carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer and our chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based upon that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective, as of the end of the period covered by this report (March 31, 2024).

There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during our most recently completed fiscal quarter that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II — OTHER INFORMATION

Item 1.Legal Proceedings

See Note 14, Commitments and Contingencies, to the consolidated financial statements included in Item 1 of Part I of this 10-Q for information regarding certain legal proceedings in which we are involved.

Item 1A.Risk Factors

In addition to the other information set forth in this 10-Q, you should carefully consider the risks and uncertainties discussed in Part I, Item 1A. Risk Factors in our 10-K and Part II, Item 1A of this 10-Q. There have been no material changes to the risk factors disclosed in our 10-K.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

Shares under our ongoing share repurchase program may be repurchased in open market transactions, including pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Exchange Act, or through privately negotiated transactions. The timing, manner, price, and amount of repurchases will be determined at our discretion and the share repurchase program may be suspended, terminated, or modified at any time for any reason. During the second fiscal quarter ended March 31, 2024, there was no share repurchase activity.

Item 3.Defaults upon Senior Securities

None.

Item 4.Mine Safety Disclosures

Not applicable.

Item 5.Other Information

Insider Adoption or Termination of Trading Arrangements:

During the fiscal quarter ended March 31, 2024, none of our directors or officers informed us of the adoption or termination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408.

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Item 6.Exhibits

		Incorporated by Reference
Exhibit No.	Exhibit Description	Form	File No.	Date of Filing	Exhibit Number	Filed Herewith
3.1	Restated Articles of Incorporation of Starbucks Corporation	10-Q	000-20322	4/28/2015	3.1
3.2	Amended and Restated Bylaws of Starbucks Corporation (As amended and restated through March 17, 2021)	8-K	000-20322	3/19/2021	3.1
4.1	Tenth Supplemental Indenture, dated as of February 8, 2024, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee and successor in interest to U.S. Bank National Association	8-K	000-20322	2/8/2024	4.2
4.2	Form of 4.850% Senior Notes due 2027 (included as Exhibit A to Exhibit 4.1)	8-K	000-20322	2/8/2024	4.3
4.3	Form of 4.900% Senior Notes due 2031 (included as Exhibit B to Exhibit 4.1)	8-K	000-20322	2/8/2024	4.4
4.4	Form of 5.000% Senior Notes due 2034 (included as Exhibit C to Exhibit 4.1)	8-K	000-20322	2/8/2024	4.5
31.1	Certification of Principal Executive Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	—	—	—	—	X
31.2	Certification of Principal Financial Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	—	—	—	—	X
32*	Certifications of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	—	—	—	—	—
101	The following financial statements from the Company’s 10-Q for the fiscal quarter ended March 31, 2024, formatted in iXBRL: (i) Consolidated Statements of Earnings, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheets, (iv) Consolidated Statements of Cash Flows, (v) Consolidated Statements of Equity, and (vi) Notes to Consolidated Financial Statements	—	—	—	—	X
104	Cover Page Interactive Data File (formatted in iXBRL and contained in Exhibit 101)	—	—	—	—	X

* Furnished herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

April 30, 2024

 

STARBUCKS CORPORATION
By:	/s/ Rachel Ruggeri
	Rachel Ruggeri
	executive vice president, chief financial officer
	Signing on behalf of the registrant and as principal financial officer

44

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Laxman Narasimhan, certify that: 

1.I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024, of Starbucks Corporation;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 30, 2024

/s/ Laxman Narasimhan

Laxman Narasimhan

chief executive officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Rachel Ruggeri, certify that: 

1.I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024, of Starbucks Corporation;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 30, 2024

/s/ Rachel Ruggeri

Rachel Ruggeri

executive vice president, chief financial officer

EX-32

Exhibit 32

CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Starbucks Corporation (“Starbucks”) on Form 10-Q for the fiscal quarter ended March 31, 2024, as filed with the Securities and Exchange Commission on April 30, 2024 (the “Report”), Laxman Narasimhan, chief executive officer of Starbucks, and Rachel Ruggeri, executive vice president, chief financial officer of Starbucks, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to their knowledge:

(1)the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Starbucks.

April 30, 2024

/s/ Laxman Narasimhan

Laxman Narasimhan

chief executive officer

April 30, 2024

/s/ Rachel Ruggeri

Rachel Ruggeri

executive vice president, chief financial officer

XML

Document And Entity Information - shares shares in Millions	6 Months Ended
	Mar. 31, 2024	Apr. 24, 2024
Entity Information [Line Items]
Entity Incorporation, State or Country Code	WA
Title of 12(b) Security	Common Stock, par value $0.001 per share
Document Type	10-Q
Document Quarterly Report	true
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	000-20322
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Trading Symbol	SBUX
Entity Central Index Key	0000829224
Current Fiscal Year End Date	--09-29
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		1,132.7
Entity Registrant Name	Starbucks Corporation
Entity Address, Address Line One	2401 Utah Avenue South
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98134
City Area Code	206
Local Phone Number	447-1575
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Security Exchange Name	NASDAQ
Entity Tax Identification Number	91-1325671
Document Information [Line Items]
Entity Shell Company	false

XML

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Total net revenues	$ 8,563.0	$ 8,719.8	$ 17,988.3	$ 17,433.8
Product and distribution costs	2,648.7	2,801.7	5,629.2	5,611.9
Store operating expenses	3,724.1	3,636.0	7,575.6	7,301.3
Other operating expenses	132.8	126.2	283.2	255.4
Depreciation and amortization expenses	371.9	341.9	737.2	669.0
General and administrative expenses	654.6	620.4	1,302.6	1,201.3
Restructuring and impairments	0.0	8.8	0.0	14.7
Total operating expenses	7,532.1	7,535.0	15,527.8	15,053.6
Income (Loss) from Equity Method Investments	68.0	51.4	123.8	109.2
Gain (Loss) on Disposition of Assets	0.0	91.3	0.0	91.3
Operating income/(loss)	1,098.9	1,327.5	2,584.3	2,580.7
Interest income and other, net	34.1	18.4	67.9	30.0
Interest expense	(140.6)	(136.3)	(280.7)	(266.0)
Earnings before income taxes	992.4	1,209.6	2,371.5	2,344.7
Income tax expense	219.9	301.3	574.6	581.1
Net earnings including noncontrolling interests	772.5	908.3	1,796.9	1,763.6
Net earnings attributable to noncontrolling interests	0.1	0.0	0.1	0.0
Net earnings attributable to Starbucks	$ 772.4	$ 908.3	$ 1,796.8	$ 1,763.6
EPS — basic	$ 0.68	$ 0.79	$ 1.58	$ 1.54
EPS — diluted	$ 0.68	$ 0.79	$ 1.58	$ 1.53
Weighted average shares outstanding:
Basic	1,132.4	1,148.5	1,134.5	1,148.4
Diluted	1,135.4	1,152.7	1,138.0	1,152.8
Company-operated stores [Member]
Total net revenues	$ 7,052.6	$ 7,142.3	$ 14,807.9	$ 14,225.7
Licensed stores [Member]
Total net revenues	1,054.5	1,069.5	2,246.6	2,189.0
Product and Service, Other [Member]
Total net revenues	$ 455.9	$ 508.0	$ 933.8	$ 1,019.1

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Net earnings/(loss)	$ 772.5	$ 908.3	$ 1,796.9	$ 1,763.6
Other comprehensive loss, net of tax:
Other comprehensive income	(63.7)	17.3	156.7	(58.4)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	708.8	925.6	1,953.6	1,705.2
Comprehensive income attributable to noncontrolling interests	0.0	0.0	0.2	0.0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	708.8	925.6	1,953.4	1,705.2
Available-for-sale Securities [Member]
Other comprehensive loss, net of tax:
Unrealized holding gains/(losses) on available-for-sale securities, before tax	(0.4)	3.6	5.2	5.6
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, Tax	0.1	(0.8)	(1.3)	(1.3)
Cash Flow Hedging [Member]
Other comprehensive loss, net of tax:
Net Gains/(Losses) Included in AOCI	36.4	(1.2)	71.8	(181.9)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	(9.3)	0.1	(11.1)	29.6
Net Investment Hedging [Member]
Other comprehensive loss, net of tax:
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	92.5	(2.7)	67.3	(67.3)
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification, Tax	23.3	(0.7)	17.0	(17.0)
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
Other comprehensive loss, net of tax:
Translation adjustment and other, before tax	(151.2)	74.7	31.9	283.6
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	(1.1)	0.0	3.6	0.0
Reclassification out of Accumulated Other Comprehensive Income [Member]
Other comprehensive loss, net of tax:
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, before tax	(13.6)	(66.6)	11.3	(165.0)
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)	$ 4.0	$ 9.5	$ 2.2	$ 21.3

XML

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Current assets:
Cash and cash equivalents	$ 2,764.1	$ 3,551.5
Short-term investments	362.5	401.5
Accounts receivable, net	1,110.3	1,184.1
Inventories	1,744.0	1,806.4
Prepaid expenses and other current assets	484.1	359.9
Total current assets	6,465.0	7,303.4
Debt Securities, Available-for-Sale, Noncurrent	280.4	247.4
Equity investments	440.2	439.9
Property, plant and equipment, net	7,817.4	7,387.1
Operating lease, right-of-use asset	8,686.5	8,412.6
Deferred Income Tax Assets, Net	1,746.5	1,769.8
Other long-term assets	587.2	546.5
Other intangible assets	110.7	120.5
Goodwill	3,229.3	3,218.3
TOTAL ASSETS	29,363.2	29,445.5
Current liabilities:
Accounts payable	1,487.4	1,544.3
Accrued liabilities	2,016.0	2,145.1
Accrued payroll and benefits	704.8	828.3
Current portion of operating lease liability	1,406.6	1,275.3
Stored value card liability and current portion of deferred revenue	1,872.0	1,700.2
Short-term debt	42.1	33.5
Current portion of long-term debt	0.0	1,818.6
Total current liabilities	7,528.9	9,345.3
Long-term debt	15,547.5	13,547.6
Operating lease liability	8,180.3	7,924.8
Deferred revenue	6,058.4	6,101.8
Other long-term liabilities	490.3	513.8
Total liabilities	$ 37,805.4	$ 37,433.3
Common Stock, Shares, Issued	1,132,700,000	1,142,600,000
Shareholders' deficit:
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,132.7 and 1,142.6 shares, respectively	$ 1.1	$ 1.1
Additional paid-in capital	141.7	38.1
Retained deficit	(7,970.7)	(7,255.8)
Accumulated other comprehensive income/(loss)	(621.5)	(778.2)
Total shareholders’ deficit	(8,449.4)	(7,994.8)
Noncontrolling interests	7.2	7.0
Total deficit	(8,442.2)	(7,987.8)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY/(DEFICIT)	$ 29,363.2	$ 29,445.5

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Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Oct. 01, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001
Common stock, shares authorized	2,400,000,000
Common stock, shares issued	1,132,700,000	1,142,600,000

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$ 1,796.9	$ 1,763.6
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	783.6	709.3
Deferred income taxes, net	4.0	2.6
Income earned from equity method investees	(132.3)	(109.9)
Distributions received from equity method investees	154.5	88.0
Gain (Loss) on Disposition of Assets	0.0	(91.3)
Stock-based compensation	173.0	159.3
Non-cash lease costs	689.5	584.7
Loss on retirement and impairment of assets	42.5	75.6
Other	16.3	22.6
Cash provided by/(used in) changes in operating assets and liabilities:
Accounts receivable	86.4	26.2
Inventories	64.5	194.6
Increase (Decrease) in Income Taxes Payable	(84.9)	15.8
Accounts payable	(51.6)	(51.2)
Deferred revenue	128.9	54.0
Operating lease liability	(635.1)	(621.8)
Other operating assets and liabilities	(146.3)	(461.3)
Net cash provided by operating activities	(2,889.9)	2,360.8
INVESTING ACTIVITIES:
Purchases of investments	(472.0)	(247.7)
Sales of investments	0.5	1.9
Maturities and calls of investments	498.7	270.0
Additions to property, plant and equipment	(1,255.0)	(1,002.0)
Proceeds from Sale of Productive Assets	0.0	110.0
Other	(36.2)	(39.2)
Net cash used in investing activities	(1,264.0)	(907.0)
FINANCING ACTIVITIES:
Net (payments)/proceeds from issuance of commercial paper	0.0	(175.0)
Net proceeds from issuance of short-term debt	93.2	52.8
Repayments of short-term debt	(80.5)	0.0
Net proceeds from issuance of long-term debt	1,995.3	1,497.8
Repayments of long-term debt	(1,825.1)	(1,000.0)
Proceeds from issuance of common stock	58.4	129.8
Cash dividends paid	(1,293.5)	(1,217.4)
Repurchase of common stock	(1,266.7)	(479.3)
Minimum tax withholdings on share-based awards	(94.1)	(81.4)
Other	(10.6)	(10.7)
Net cash used in financing activities	(2,423.6)	(1,283.4)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	10.4	83.0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(787.3)	253.4
CASH AND CASH EQUIVALENTS:
Beginning of period	3,551.5	2,818.4
End of period	2,764.1	3,071.8
Cash paid during the period for:
Interest, net of capitalized interest	275.6	250.4
Income taxes	$ 850.9	$ 636.8

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Condensed Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings/(Deficit) [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]
Balance, Amount at Oct. 02, 2022	$ (8,698.7)	$ 1.1	$ 205.3	$ (8,449.8)	$ (463.2)	$ (8,706.6)	$ 7.9
Common Stock, Shares, Outstanding, Beginning Balance at Oct. 02, 2022		1,147.9
Net earnings/(loss)	1,763.6	$ 0.0	0.0	1,763.6	0.0	1,763.6	0.0
Other comprehensive income	(58.4)	0.0	0.0	0.0	(58.4)	(58.4)	0.0
Stock-based compensation expense	161.4	$ 0.0	161.4	0.0	0.0	161.4	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		3.7
Exercise of stock options/vesting of RSUs	23.5	$ 0.0	23.5	0.0	0.0	23.5	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0.3
Sale of common stock	24.9	$ 0.0	24.9	0.0	0.0	24.9	0.0
Stock Repurchased and Retired During Period, Shares		(4.9)
Stock Repurchased and Retired During Period, Value	(495.4)	$ 0.0	(373.9)	(121.5)	0.0	(495.4)	0.0
Dividends, Cash	(1,216.9)	0.0	0.0	(1,216.9)	0.0	(1,216.9)	0.0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(3.4)	$ 0.0	(3.0)	0.0	0.0	(3.0)	(0.4)
Common Stock, Shares, Outstanding at Apr. 02, 2023		1,147.0
Balance, Amount at Apr. 02, 2023	(8,499.4)	$ 1.1	38.2	(8,024.6)	(521.6)	(8,506.9)	7.5
Balance, Amount at Jan. 01, 2023	(8,665.9)	$ 1.1	67.2	(8,203.2)	(538.9)	(8,673.8)	7.9
Common Stock, Shares, Outstanding, Beginning Balance at Jan. 01, 2023		1,148.5
Net earnings/(loss)	908.3	$ 0.0	0.0	908.3	0.0	908.3	0.0
Other comprehensive income	17.3	0.0	0.0	0.0	17.3	17.3	0.0
Stock-based compensation expense	75.0	$ 0.0	75.0	0.0	0.0	75.0	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		1.3
Exercise of stock options/vesting of RSUs	68.2	$ 0.0	68.2	0.0	0.0	68.2	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0.2
Sale of common stock	13.3	$ 0.0	13.3	0.0	0.0	13.3	0.0
Stock Repurchased and Retired During Period, Shares		(3.0)
Stock Repurchased and Retired During Period, Value	(304.0)	$ 0.0	(182.5)	(121.5)	0.0	(304.0)	0.0
Dividends, Cash	(608.2)	0.0	0.0	(608.2)	0.0	(608.2)	0.0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(3.4)	$ 0.0	(3.0)	0.0	0.0	(3.0)	(0.4)
Common Stock, Shares, Outstanding at Apr. 02, 2023		1,147.0
Balance, Amount at Apr. 02, 2023	(8,499.4)	$ 1.1	38.2	(8,024.6)	(521.6)	(8,506.9)	7.5
Balance, Amount at Oct. 01, 2023	(7,987.8)	$ 1.1	38.1	(7,255.8)	(778.2)	(7,994.8)	7.0
Common Stock, Shares, Outstanding, Beginning Balance at Oct. 01, 2023		1,142.6
Net earnings/(loss)	1,796.9	$ 0.0	0.0	1,796.8	0.0	1,796.8	0.1
Other comprehensive income	156.7	0.0	0.0	0.0	156.6	156.6	0.1
Stock-based compensation expense	175.2	$ 0.0	175.2	0.0	0.0	175.2	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		2.6
Exercise of stock options/vesting of RSUs	(64.9)	$ 0.0	(64.9)	0.0	0.0	(64.9)	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0.3
Sale of common stock	29.2	$ 0.0	29.2	0.0	0.0	29.2	0.0
Stock Repurchased and Retired During Period, Shares		(12.8)
Stock Repurchased and Retired During Period, Value	(1,259.8)	$ 0.0	(35.9)	(1,223.9)	0.0	(1,259.8)	0.0
Dividends, Cash	(1,287.8)	0.0	0.0	(1,287.8)	0.0	(1,287.8)	0.0
Purchase of noncontrolling interests		$ 0.0
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests or Other Adjustment	0.1		0.0	0.0	0.1	0.1	0.0
Common Stock, Shares, Outstanding at Mar. 31, 2024		1,132.7
Balance, Amount at Mar. 31, 2024	(8,442.2)	$ 1.1	141.7	(7,970.7)	(621.5)	(8,449.4)	7.2
Balance, Amount at Dec. 31, 2023	(8,608.9)	$ 1.1	38.2	(8,097.5)	(557.8)	(8,616.0)	7.1
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2023		1,132.2
Net earnings/(loss)	772.5	$ 0.0	0.0	772.4	0.0	772.4	0.1
Other comprehensive income	(63.7)	0.0	0.0	0.0	(63.6)	(63.6)	(0.1)
Stock-based compensation expense	79.1	$ 0.0	79.1	0.0	0.0	79.1	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		0.3
Exercise of stock options/vesting of RSUs	10.9	$ 0.0	10.9	0.0	0.0	10.9	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0.2
Sale of common stock	13.0	$ 0.0	13.0	0.0	0.0	13.0	0.0
Stock Repurchased and Retired During Period, Shares		0.0
Stock Repurchased and Retired During Period, Value	0.6	$ 0.0	0.5	0.1	0.0	0.6	0.0
Dividends, Cash	(645.7)	0.0	0.0	(645.7)	0.0	(645.7)	0.0
Purchase of noncontrolling interests		$ 0.0
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests or Other Adjustment	$ 0.0		0.0	0.0	(0.1)	(0.1)	0.1
Common Stock, Dividends, Per Share, Declared	$ 0.57
Common Stock, Shares, Outstanding at Mar. 31, 2024		1,132.7
Balance, Amount at Mar. 31, 2024	$ (8,442.2)	$ 1.1	$ 141.7	$ (7,970.7)	$ (621.5)	$ (8,449.4)	$ 7.2

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Accounting Policies

6 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Summary of Significant Accounting Policies and Estimates

Financial Statement Preparation

The unaudited consolidated financial statements as of March 31, 2024, and for the quarters and two quarters ended March 31, 2024 and April 2, 2023, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarters and two quarters ended March 31, 2024 and April 2, 2023 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations, and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us,” or “our.”

Segment information is prepared on the same basis that our management reviews financial information for operational decision-making purposes.

Certain prior period information on the consolidated statements of cash flows have been reclassified to conform to the current presentation.

The financial information as of October 1, 2023 is derived from our audited consolidated financial statements and notes for the fiscal year ended October 1, 2023 (“fiscal 2023”) included in Item 8 in the fiscal 2023 Annual Report on Form 10-K (“10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.

The results of operations for the quarter and two quarters ended March 31, 2024 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending September 29, 2024 (“fiscal 2024”).

Recent Accounting Pronouncements Not Yet Adopted

In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance expanding segment disclosure requirements. The amendments require enhanced disclosure for certain segment items and require disclosure on how management uses reported measures to assess segment performance. The amendments do not change how segments are determined, aggregated, or how thresholds are applied to determine reportable segments. We expect to adopt the guidance for the fiscal year ending September 28, 2025. We are currently evaluating the expanded disclosure requirements and do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In December 2023, the FASB issued guidance expanding disclosure requirements related to income taxes. The amendments require enhanced jurisdictional disclosures for the income tax rate reconciliation and related to cash income taxes paid. Additionally, specific disclosures related to unrecognized tax benefits and indefinite reinvestment assertions were removed. The amendments are effective for our fiscal year ending September 27, 2026. While we are still evaluating the specific impacts and timing of adoption, we anticipate this guidance will have a significant impact on our annual income tax disclosures.

In March 2024, the SEC issued its final climate disclosure rules, which require the disclosure of climate-related information in annual reports and registration statements. The rules require disclosure in the audited financial statements of certain effects of severe weather events and other natural conditions above certain financial thresholds, as well as amounts related to carbon offsets and renewable energy credits or certificates, if material. Disclosure requirements will begin phasing in for fiscal years beginning on or after January 1, 2025. On April 4, 2024, the SEC determined to voluntarily stay the final rules pending certain legal challenges. We are currently evaluating the impact of the new rules and expect to include updated climate-related disclosures in our Annual Report on Form 10-K for our fiscal year ending September 27, 2026, depending on the outcome of the legal challenges.

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Acquisitions and Divestitures

3 Months Ended

Mar. 31, 2024

Business Combinations [Abstract]

Acquisitions and Divestitures

Acquisitions, Divestitures, and Strategic Alliance

On January 13, 2023, we sold the assets, primarily consisting of intellectual properties associated with the Seattle’s Best Coffee brand, to Nestlé for $110.0 million. The transaction resulted in a pre-tax gain of $91.3 million, which was included in gain from sale of assets on our consolidated statements of earnings for the quarter and two quarters ended April 2, 2023. Results from Seattle’s Best Coffee operations prior to the sale are reported in our Channel Development operating segment.

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Derivative Financial Instruments

6 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments

Interest Rates

From time to time, we enter into designated cash flow hedges to manage the variability in cash flows due to changes in benchmark interest rates. We enter into interest rate swap agreements, including forward-starting interest rate swaps and treasury locks, settled in cash based upon the difference between an agreed-upon benchmark rate and the prevailing benchmark rate at settlement. These agreements are generally settled around the time of the pricing of the related debt. Each derivative agreement’s gain or loss is recorded in accumulated other comprehensive income (“AOCI”) and is subsequently reclassified to interest expense over the life of the related debt.

To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt due to changes in the relevant benchmark interest rates are recorded in interest expense. Refer to Note 8, Debt, for additional information on our long-term debt.

Foreign Currency

To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated royalty payments, inventory purchases, and intercompany borrowing and lending activities. The resulting gains and losses from these derivatives are recorded in AOCI and subsequently reclassified to revenue, product and distribution costs, or interest income and other, net, respectively, when the hedged exposures affect net earnings.

From time to time, we may enter into financial instruments, including, but not limited to, forward and swap contracts or foreign currency-denominated debt, to hedge the currency exposure of our net investments in certain international operations. The resulting gains and losses from these derivatives are recorded in AOCI and are subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated. Gains and losses from these derivatives representing hedged components excluded from the assessment of effectiveness are amortized over the life of the hedging instrument using a systematic and rational method and recognized in interest expense.

Foreign currency forward and swap contracts not designated as hedging instruments are used to mitigate the foreign exchange risk of certain other balance sheet items. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency-denominated payables and receivables, and these gains and losses are recorded in interest income and other, net.

Commodities

Depending on market conditions, we may enter into coffee forward contracts, futures contracts, and collars to hedge anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 5, Inventories, or our longer-dated forecasted coffee demand where underlying fixed price and price-to-be-fixed contracts are not yet available. The resulting gains and losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.

Depending on market conditions, we may also enter into dairy forward contracts and futures contracts to hedge a portion of anticipated cash flows under our dairy purchase contracts and our forecasted dairy demand. The resulting gains or losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.

Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges in which the underlying transactions are no longer probable of occurring or where price variability in the underlying cash flow ceases to exist, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings. These derivatives may be accounted for prospectively as non-designated derivatives until maturity, re-designated to new hedging relationships, or terminated early. We continue to believe transactions related to our other designated cash flow hedges are probable to occur.

To mitigate the price uncertainty of a portion of our future purchases, including diesel fuel and other commodities, we enter into swap contracts, futures, and collars that are not designated as hedging instruments. The resulting gains and losses are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging, and transportation costs, which are included in product and distribution costs on our consolidated statements of earnings.

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)
	Mar 31, 2024		Oct 1, 2023
Cash Flow Hedges:
Coffee	$	16.2	$	(78.1)	$	16.2	4
Cross-currency swaps	0.2		(0.6)		—		8
Dairy	(1.3)		(1.8)		(1.3)		8
Foreign currency - other	30.6		39.6		21.4		33
Interest rates	(5.1)		(6.6)		(3.0)		0
Net Investment Hedges:
Cross-currency swaps	127.9		87.1		—		120
Foreign currency	16.0		16.0		—		0
Foreign currency debt	135.3		140.2		—		0

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)
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Cash Flow Hedges:
Coffee	$	(1.2)	$	(0.5)	$	(6.2)	$	59.9	Product and distribution costs
Cross-currency swaps	4.0		(2.5)		0.4		(3.0)		Interest expense
					3.3		(0.1)		Interest income and other, net
Dairy	(1.3)		(2.3)		(2.3)		(3.3)		Product and distribution costs
Foreign currency - other	34.9		3.8		7.4		4.0		Licensed stores revenue
					2.2		2.2		Product and distribution costs
Interest rates	—		0.3		(1.0)		0.2		Interest expense
Net Investment Hedges:
Cross-currency swaps (1)	67.0		(1.1)		10.2		7.0		Interest expense
Foreign currency debt	25.5		(1.6)		—		—
	Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Cash Flow Hedges:
Coffee	$	63.1	$	(119.9)	$	(46.6)	$	156.6	Product and distribution costs
Cross-currency swaps	2.4		(14.2)		1.0		(5.7)		Interest expense
					0.6		(9.2)		Interest income and other, net
Dairy	(3.2)		(5.9)		(3.9)		(4.8)		Product and distribution costs
Foreign currency - other	9.5		(42.2)		16.2		11.9		Licensed stores revenue
					5.0		4.4		Product and distribution costs
					—		0.2		Interest income and other, net
Interest rates	—		0.3		(2.0)		(0.3)		Interest expense
Net Investment Hedges:
Cross-currency swaps (1)	73.6		(15.1)		19.1		12.3		Interest expense
Foreign currency debt	(6.3)		(52.2)		—		—

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

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				Two Quarters Ended
		Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Non-Designated Derivatives:
Foreign currency - other	Interest income and other, net	$	3.6	$	1.6	$	1.2	$	(10.0)
Coffee	Interest income and other, net	—		—		—		(5.5)
Diesel fuel and other commodities	Interest income and other, net	0.3		(1.7)		(0.4)		(1.9)
Fair Value Hedges:
Interest rate swaps	Interest expense	(8.7)		4.7		2.4		3.1
Long-term debt (hedged item)	Interest expense	5.7		(12.1)		(8.6)		(15.4)

Notional amounts of outstanding derivative contracts (in millions):

	Mar 31, 2024		Oct 1, 2023
Coffee	$	68	$	266
Cross-currency swaps	1,746		1,076
Dairy	52		71
Diesel fuel and other commodities	14		7
Foreign currency - other	1,191		1,164
Interest rate swaps	350		1,100

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	Mar 31, 2024		Oct 1, 2023
Designated Derivative Instruments:
Cross-currency swaps	Prepaid expenses and other current assets	$	13.0	$	—
	Other long-term assets	164.5		130.1
Dairy	Prepaid expenses and other current assets	0.5		0.4
Foreign currency - other	Prepaid expenses and other current assets	27.3		32.0
	Other long-term assets	16.7		22.9
Interest rate swaps	Prepaid expenses and other current assets	—		0.4
Non-designated Derivative Instruments:
Dairy	Prepaid expenses and other current assets	0.1		—
Diesel fuel and other commodities	Prepaid expenses and other current assets	0.2		0.7
Foreign currency	Prepaid expenses and other current assets	7.0		7.5
		Derivative Liabilities
	Balance Sheet Location	Mar 31, 2024		Oct 1, 2023
Designated Derivative Instruments:
Dairy	Accrued liabilities	$	1.7	$	1.1
Foreign currency - other	Accrued liabilities	2.6		2.0
	Other long-term liabilities	2.2		—
Interest rate swaps	Other long-term liabilities	32.9		41.4
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	0.4		—
Diesel fuel and other commodities	Accrued liabilities	0.1		—
Foreign currency	Accrued liabilities	0.7		0.5
	Other long-term liabilities	—		1.8

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
	Mar 31, 2024		Oct 1, 2023		Mar 31, 2024		Oct 1, 2023
Location on the balance sheet
Long-term debt(1)	$	318.6	$	1,060.0	$	(31.4)	$	(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.

Additional disclosures related to cash flow gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 11, Equity.

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Fair Value Measurements

6 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

Assets and liabilities measured at fair value on a recurring basis (in millions):

			Fair Value Measurements at Reporting Date Using
	Balance at March 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant  Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	2,764.1	$	2,764.1	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	37.7		—		37.7		—
Foreign corporate bonds	0.2		—		0.2		—
Mortgage and other asset-backed securities	0.3		—		0.3		—
State and local government obligations	1.4		—		1.4		—
U.S. government treasury securities	16.5		16.5		—		—
Total available-for-sale debt securities	56.1		16.5		39.6		—
Structured deposits	221.9		—		221.9		—
Marketable equity securities	84.5		84.5		—		—
Total short-term investments	362.5		101.0		261.5		—
Prepaid expenses and other current assets:
Derivative assets	48.1		—		48.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	127.4		—		116.9		10.5
Mortgage and other asset-backed securities	52.6		—		52.6		—
State and local government obligations	2.7		—		2.7		—
U.S. government treasury securities	97.5		97.5		—		—
Total available-for-sale debt securities	280.2		97.5		172.2		10.5
Structured deposits	0.2		—		0.2		—
Total long-term investments	280.4		97.5		172.4		10.5
Other long-term assets:
Derivative assets	181.2		—		181.2		—
Total assets	$	3,636.3	$	2,962.6	$	663.2	$	10.5
Liabilities:
Accrued liabilities:
Derivative liabilities	$	5.5	$	—	$	5.5	$	—
Other long-term liabilities:
Derivative liabilities	35.1		—		35.1		—
Total liabilities	$	40.6	$	—	$	40.6	$	—

			Fair Value Measurements at Reporting Date Using
	Balance at October 1, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	3,551.5	$	3,551.5	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	64.0		—		64.0		—
U.S. government treasury securities	2.8		2.8		—		—
Foreign government obligations	3.9		—		3.9		—
Total available-for-sale debt securities	70.7		2.8		67.9		—
Structured deposits	261.2		—		261.2		—
Marketable equity securities	69.6		69.6		—		—
Total short-term investments	401.5		72.4		329.1		—
Prepaid expenses and other current assets:
Derivative assets	41.0		—		41.0		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	91.1		—		91.1		—
Mortgage and other asset-backed securities	50.2		—		50.2		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	104.7		104.7		—		—
Total long-term investments	247.3		104.7		142.6		—
Other long-term assets:
Derivative assets	153.0		—		153.0		—
Total assets	$	4,394.3	$	3,728.6	$	665.7	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	3.6	$	—	$	3.6	$	—
Other long-term liabilities:
Derivative liabilities	43.2		—		43.2		—
Total liabilities	$	46.8	$	—	$	46.8	$	—

There were no material transfers between levels, and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.

Gross unrealized holding gains and losses on available-for-sale debt securities, structured deposits, and marketable equity securities were not material as of March 31, 2024 and October 1, 2023.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets, equity and other investments, and other assets. These assets are measured at fair value if determined to be impaired.

The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 8, Debt. There were no material fair value adjustments during the two quarters ended March 31, 2024 and April 2, 2023.

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Inventories

6 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Inventories (in millions):

	Mar 31, 2024		Oct 1, 2023
Coffee:
Unroasted	$	694.9	$	747.7
Roasted	257.7		280.3
Other merchandise held for sale	313.4		364.6
Packaging and other supplies	478.0		413.8
Total	$	1,744.0	$	1,806.4

Other merchandise held for sale includes, among other items, serveware, food, and tea. Inventory levels vary due to seasonality, commodity market supply, and price fluctuations.

As of March 31, 2024, we had committed to purchasing green coffee totaling $398.6 million under fixed-price contracts and an estimated $855.6 million under price-to-be-fixed contracts. A portion of our price-to-be-fixed contracts are effectively fixed through the use of futures. See Note 3, Derivative Financial Instruments, for further discussion. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base “C” coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on established relationships with our suppliers and continuous monitoring, the risk of non-delivery on these purchase commitments is remote.

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Supplemental Balance Sheet and Income Statement

6 Months Ended

Mar. 31, 2024

Balance Sheet Related Disclosures [Abstract]

Supplemental Balance Sheet and Income Statement Disclosures

Supplemental Balance Sheet and Statement of Earnings Information (in millions):

Property, Plant and Equipment, net

	Mar 31, 2024		Oct 1, 2023
Land	$	46.1	$	46.1
Buildings	671.8		666.5
Leasehold improvements	10,532.8		10,133.7
Store equipment	3,468.0		3,332.5
Roasting equipment	880.1		859.4
Furniture, fixtures and other	1,741.1		1,664.5
Work in progress	713.5		607.5
Property, plant and equipment, gross	18,053.4		17,310.2
Accumulated depreciation	(10,236.0)		(9,923.1)
Property, plant and equipment, net	$	7,817.4	$	7,387.1

Accrued Liabilities

	Mar 31, 2024		Oct 1, 2023
Accrued occupancy costs	$	78.0	$	86.7
Accrued dividends payable	645.5		651.2
Accrued capital and other operating expenditures	743.7		771.7
Insurance reserves	252.0		233.5
Income taxes payable	102.6		189.3
Accrued business taxes	194.2		212.7
Total accrued liabilities	$	2,016.0	$	2,145.1

Store Operating Expenses

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Wages and benefits	$	2,139.4	$	2,174.3	$	4,348.7	$	4,389.9
Occupancy costs	741.3		703.4		1,487.0		1,374.9
Other expenses	843.4		758.3		1,739.9		1,536.5
Total store operating expenses	$	3,724.1	$	3,636.0	$	7,575.6	$	7,301.3

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Other Intangible Assets and Goodwill

6 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Mar 31, 2024		Oct 1, 2023
Trade names, trademarks and patents	$	79.5	$	79.4

Finite-Lived Intangible Assets

	Mar 31, 2024						Oct 1, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	962.0	$	(962.0)	$	—	$	957.6	$	(957.6)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.6)		—
Trade names, trademarks and patents	130.3		(100.6)		29.7		131.0		(91.9)		39.1
Licensing agreements	12.9		(11.4)		1.5		13.0		(11.0)		2.0
Other finite-lived intangible assets	20.3		(20.3)		—		20.1		(20.1)		—
Total finite-lived intangible assets	$	1,153.1	$	(1,121.9)	$	31.2	$	1,149.3	$	(1,108.2)	$	41.1

Amortization expense for finite-lived intangible assets was $5.1 million and $10.2 million for the quarter and two quarters ended March 31, 2024, respectively, and $5.3 million and $10.9 million for the quarter and two quarters ended April 2, 2023, respectively.

Estimated future amortization expense as of March 31, 2024 (in millions):

Fiscal Year	Total
2024 (excluding the two quarters ended March 31, 2024)	$	9.9
2025	14.0
2026	2.1
2027	1.8
2028	1.2
Thereafter	2.2
Total estimated future amortization expense	$	31.2

Goodwill

Changes in the carrying amount of goodwill by reportable operating segment (in millions):

	North America		International		Channel Development		Corporate and Other		Total
Goodwill balance at October 1, 2023	$	491.5	$	2,691.1	$	34.7	$	1.0	$	3,218.3
Other(1)	(0.1)		11.1		—		—		11.0
Goodwill balance at March 31, 2024	$	491.4	$	2,702.2	$	34.7	$	1.0	$	3,229.3

(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.

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Debt

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Debt

Debt

Revolving Credit Facility

Our $3.0 billion unsecured five-year revolving credit facility (the “2021 credit facility”), of which $150.0 million may be used for issuances of letters of credit, is currently set to mature on September 16, 2026. The 2021 credit facility is available for working capital, capital expenditures, and other corporate purposes, including acquisitions and share repurchases. We have the option, subject to negotiation and agreement with the related banks, to increase the maximum commitment amount by an additional $1.0 billion.

Borrowings under the 2021 credit facility, which was most recently amended in April 2023, will bear interest at a variable rate based on Term SOFR, and, for U.S. dollar-denominated loans under certain circumstances, a Base Rate (as defined in the 2021 credit facility), in each case plus an applicable margin. The applicable margin is based on the Company’s long-term credit ratings assigned by the Moody’s and Standard & Poor’s rating agencies. The “Base Rate” is the highest of (i) the Federal Funds Rate (as defined in the 2021 credit facility) plus 0.500%, (ii) Bank of America’s prime rate, and (iii) Term SOFR plus 1.000%. Term SOFR means the forward-looking SOFR term rate administrated by the Chicago Mercantile Exchange plus a SOFR Adjustment of 0.100%.

The 2021 credit facility contains provisions requiring us to maintain compliance with certain covenants, including a minimum fixed charge coverage ratio, which measures our ability to cover financing expenses. As of March 31, 2024, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of March 31, 2024 or October 1, 2023.

Short-term Debt

Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3.0 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our 2021 credit facility. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures, and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock, and share repurchases. No amounts were outstanding under our commercial paper program as of March 31, 2024 and October 1, 2023.

Additionally, we hold the following Japanese yen-denominated credit facilities that are available for working capital needs and capital expenditures within our Japanese market:

•A ¥5.0 billion, or $33.0 million, credit facility is currently set to mature on December 30, 2024. Borrowings under this credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on Tokyo Interbank Offered Rate (“TIBOR”) plus an applicable margin of 0.400%.

•A ¥10.0 billion, or $66.1 million, credit facility is currently set to mature on March 27, 2025. Borrowings under this credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.300%.

As of March 31, 2024, we had ¥5.0 billion, or $33.0 million, of borrowings outstanding under these credit facilities. As of October 1, 2023, we had ¥5.0 billion, or $33.5 million, of borrowings outstanding under these credit facilities.

Long-term Debt

Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):

	Mar 31, 2024				Oct 1, 2023				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
October 2023 notes(2)	$	—	$	—	$	750.0	$	749.9	3.850	%	2.859	%
February 2024 notes(3)	—		—		500.0		504.2		5.848	%	6.079	%
March 2024 notes(4)	—		—		569.3		569.3		0.372	%	0.462	%
August 2025 notes	1,250.0		1,225.4		1,250.0		1,210.5		3.800	%	3.721	%
February 2026 notes	1,000.0		994.3		1,000.0		985.5		4.750	%	4.788	%
June 2026 notes	500.0		472.5		500.0		463.5		2.450	%	2.511	%
February 2027 notes	1,000.0		998.0		—		—		4.850	%	4.958	%
March 2027 notes	500.0		459.6		500.0		446.1		2.000	%	2.058	%
March 2028 notes	600.0		570.4		600.0		554.7		3.500	%	3.529	%
November 2028 notes	750.0		726.8		750.0		704.5		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		942.6		1,000.0		904.1		3.550	%	3.840	%
March 2030 notes	750.0		646.4		750.0		615.1		2.250	%	3.084	%
November 2030 notes	1,250.0		1,083.6		1,250.0		1,027.1		2.550	%	2.582	%
February 2031 notes	500.0		497.4		—		—		4.900	%	5.046	%
February 2032 notes	1,000.0		874.8		1,000.0		828.0		3.000	%	3.155	%
February 2033 notes	500.0		495.0		500.0		470.7		4.800	%	3.798	%
February 2034 notes	500.0		496.5		—		—		5.000	%	5.127	%
June 2045 notes	350.0		303.7		350.0		275.3		4.300	%	4.348	%
December 2047 notes	500.0		393.7		500.0		354.0		3.750	%	3.765	%
November 2048 notes	1,000.0		878.0		1,000.0		799.0		4.500	%	4.504	%
August 2049 notes	1,000.0		869.5		1,000.0		792.7		4.450	%	4.447	%
March 2050 notes	500.0		355.8		500.0		328.6		3.350	%	3.362	%
November 2050 notes	1,250.0		925.9		1,250.0		843.4		3.500	%	3.528	%
Total	15,700.0		14,209.9		15,519.3		13,426.2
Aggregate debt issuance costs and unamortized premium/(discount), net	(121.1)				(113.1)
Hedge accounting fair value adjustment(2)	(31.4)				(40.0)
Total	$	15,547.5			$	15,366.2

(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.

(2)Amount includes the change in fair value due to changes in benchmark interest rates related to hedging our October 2023 notes and $350.0 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap agreements designated as fair value hedges.

(3)Floating rate notes that bear interest at a rate equal to Compounded SOFR (as defined in the February 2024 notes) plus 0.420%, resulting in a stated interest rate of 5.848% at maturity on February 14, 2024.

(4)Japanese yen-denominated long-term debt.

The following table summarizes our long-term debt maturities as of March 31, 2024 by fiscal year (in millions):

Fiscal Year	Total
2024	$	—
2025	1,250.0
2026	1,500.0
2027	1,500.0
2028	600.0
Thereafter	10,850.0
Total	$	15,700.0

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Leases

6 Months Ended

Mar. 31, 2024

Leases [Abstract]

Lessee, Operating Leases

Leases

The components of lease costs (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Operating lease costs(1)	$	424.1	$	401.7	$	841.5	$	786.5
Variable lease costs	271.7		253.9		543.6		489.2
Short-term lease costs	7.2		7.0		14.9		14.0
Total lease costs	$	703.0	$	662.6	$	1,400.0	$	1,289.7

(1)Includes immaterial amounts of sublease income and rent concessions.

The following table includes supplemental information (in millions):

	Two Quarters Ended
	Mar 31, 2024			Apr 2, 2023
Cash paid related to operating lease liabilities	$	778.8		$	819.0
Operating lease liabilities arising from obtaining right-of-use assets	980.5			828.0
	Mar 31, 2024			Apr 2, 2023
Weighted-average remaining operating lease term	8.6 years			8.5 years
Weighted-average operating lease discount rate	3.2		%	2.9		%

Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. There were no material finance leases as of March 31, 2024 and October 1, 2023.

Minimum future maturities of operating lease liabilities (in millions):

Fiscal Year	Total
2024 (excluding the two quarters ended March 31, 2024)	$	861.1
2025	1,658.0
2026	1,515.8
2027	1,338.7
2028	1,139.4
Thereafter	4,589.9
Total lease payments	11,102.9
Less imputed interest	(1,515.9)
Total	$	9,587.0

As of March 31, 2024, we have entered into operating leases that have not yet commenced of $1.6 billion, primarily related to real estate leases. These leases will commence between fiscal year 2024 and fiscal year 2027 with lease terms ranging from two to twenty years.

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Deferred Revenue

6 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer

Deferred Revenue

Our deferred revenue primarily consists of the prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, our unredeemed stored value card liability, and unredeemed loyalty points (“Stars”) associated with our loyalty program.

As of March 31, 2024, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $5.9 billion, respectively. As of October 1, 2023, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $6.0 billion, respectively. During each of the quarters ended March 31, 2024 and April 2, 2023, we recognized $44.1 million of prepaid royalty revenue related to Nestlé. During each of the two quarters ended March 31, 2024 and April 2, 2023, we recognized $88.2 million of prepaid royalty revenue related to Nestlé.

Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):

Quarter Ended March 31, 2024	Total
Stored value cards and loyalty program at December 31, 2023	$	2,169.7
Revenue deferred - card activations, card reloads and Stars earned	3,456.5
Revenue recognized - card and Stars redemptions and breakage	(3,792.4)
Other(1)	(14.9)
Stored value cards and loyalty program at March 31, 2024(2)	$	1,818.9
Quarter Ended April 2, 2023	Total
Stored value cards and loyalty program at January 1, 2023	$	2,025.6
Revenue deferred - card activations, card reloads and Stars earned	3,416.0
Revenue recognized - card and Stars redemptions and breakage	(3,778.4)
Other(1)	1.3
Stored value cards and loyalty program at April 2, 2023(2)	$	1,664.5
Two Quarters Ended March 31, 2024	Total
Stored value cards and loyalty program at October 1, 2023	$	1,567.5
Revenue deferred - card activations, card reloads and Stars earned	8,143.7
Revenue recognized - card and Stars redemptions and breakage	(7,890.8)
Other(1)	(1.5)
Stored value cards and loyalty program at March 31, 2024(2)	$	1,818.9
Two Quarters Ended April 2, 2023	Total
Stored value cards and loyalty program at October 2, 2022	$	1,503.0
Revenue deferred - card activations, card reloads and Stars earned	7,639.4
Revenue recognized - card and Stars redemptions and breakage	(7,492.5)
Other(1)	14.6
Stored value cards and loyalty program at April 2, 2023(2)	$	1,664.5

(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.

(2)As of March 31, 2024 and April 2, 2023, approximately $1.7 billion and $1.6 billion, respectively, of these amounts were current.

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Equity

6 Months Ended

Mar. 31, 2024

Equity [Abstract]

Equity

Equity

Changes in AOCI by component, net of tax (in millions):

Quarter Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
March 31, 2024
Net gains/(losses) in AOCI, beginning of period	$	(7.9)	$	15.7	$	217.7	$	(783.3)	$	(557.8)
Net gains/(losses) recognized in OCI before reclassifications	(0.3)		27.1		69.2		(150.0)		(54.0)
Net (gains)/losses reclassified from AOCI to earnings	0.3		(2.2)		(7.7)		—		(9.6)
Other comprehensive income/(loss) attributable to Starbucks	—		24.9		61.5		(150.0)		(63.6)
Other comprehensive income/(loss) attributable to NCI	—		—		—		(0.1)		(0.1)
Net gains/(losses) in AOCI, end of period	$	(7.9)	$	40.6	$	279.2	$	(933.4)	$	(621.5)
April 2, 2023
Net gains/(losses) in AOCI, beginning of period	$	(13.9)	$	(34.9)	$	156.8	$	(646.9)	$	(538.9)
Net gains/(losses) recognized in OCI before reclassifications	2.8		(1.1)		(2.0)		74.7		74.4
Net (gains)/losses reclassified from AOCI to earnings	0.2		(52.1)		(5.2)		—		(57.1)
Other comprehensive income/(loss) attributable to Starbucks	3.0		(53.2)		(7.2)		74.7		17.3
Net gains/(losses) in AOCI, end of period	$	(10.9)	$	(88.1)	$	149.6	$	(572.2)	$	(521.6)
Two Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
March 31, 2024
Net gains/(losses) in AOCI, beginning of period	$	(12.3)	$	(47.5)	$	243.3	$	(961.7)	$	(778.2)
Net gains/(losses) recognized in OCI before reclassifications	3.9		60.7		50.3		28.2		143.1
Net (gains)/losses reclassified from AOCI to earnings	0.5		27.4		(14.4)		—		13.5
Other comprehensive income/(loss) attributable to Starbucks	4.4		88.1		35.9		28.2		156.6
Other comprehensive income/(loss) attributable to NCI	—		—		—		0.1		0.1
Net gains/(losses) in AOCI, end of period	$	(7.9)	$	40.6	$	279.2	$	(933.4)	$	(621.5)
April 2, 2023
Net gains/(losses) in AOCI, beginning of period	$	(15.5)	$	199.0	$	209.1	$	(855.8)	$	(463.2)
Net gains/(losses) recognized in OCI before reclassifications	4.3		(152.3)		(50.3)		283.6		85.3
Net (gains)/losses reclassified from AOCI to earnings	0.3		(134.8)		(9.2)		—		(143.7)
Other comprehensive income/(loss) attributable to Starbucks	4.6		(287.1)		(59.5)		283.6		(58.4)
Net gains/(losses) in AOCI, end of period	$	(10.9)	$	(88.1)	$	149.6	$	(572.2)	$	(521.6)

Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Mar 31, 2024		Apr 2, 2023
Gains/(losses) on available-for-sale debt securities	$	(0.4)	$	(0.3)	Interest income and other, net
Gains/(losses) on cash flow hedges	3.8		59.9		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	10.2		7.0		Interest expense
	13.6		66.6		Total before tax
	(4.0)		(9.5)		Tax expense
	$	9.6	$	57.1	Net of tax
Two Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Mar 31, 2024		Apr 2, 2023
Gains/(losses) on available-for-sale debt securities	$	(0.7)	$	(0.4)	Interest income and other, net
Gains/(losses) on cash flow hedges	(29.7)		153.1		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	19.1		12.3		Interest expense
	(11.3)		165.0		Total before tax
	(2.2)		(21.3)		Tax expense
	$	(13.5)	$	143.7	Net of tax

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, we have 7.5 million shares of authorized preferred stock, none of which was outstanding as of March 31, 2024.

During the two quarters ended March 31, 2024 and April 2, 2023, we repurchased 12.8 million and 4.9 million shares of common stock on the open market for $1,250.1 million and $495.3 million, respectively. As of March 31, 2024, 29.8 million shares remained available for repurchase under current authorizations.

During the second quarter of fiscal 2024, our Board of Directors approved a quarterly cash dividend to shareholders of $0.57 per share to be paid on May 31, 2024 to shareholders of record as of the close of business on May 17, 2024.

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Employee Stock Plans

6 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Employee Stock Plans

Employee Stock Plans

As of March 31, 2024, there were 84.9 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 10.0 million shares available for issuance under our employee stock purchase plan.

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Restricted Stock Units (“RSUs”)	$	78.3	$	74.1	$	173.2	$	159.2
Options	(0.1)		0.0		(0.2)		0.1
Total stock-based compensation expense	$	78.2	$	74.1	$	173.0	$	159.3

Stock option and RSU transactions from October 1, 2023 through March 31, 2024 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 1, 2023	2.0		7.3
Granted	—		4.1
Options exercised/RSUs vested	(0.6)		(2.9)
Forfeited/expired	—		(0.4)
Options outstanding/Nonvested RSUs, March 31, 2024	1.4		8.1
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 31, 2024	$	—	$	314.1

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Earnings Per Share

6 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Net earnings attributable to Starbucks	$	772.4	$	908.3	$	1,796.8	$	1,763.6
Weighted average common shares outstanding (for basic calculation)	1,132.4		1,148.5		1,134.5		1,148.4
Dilutive effect of outstanding common stock options and RSUs	3.0		4.2		3.5		4.4
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,135.4		1,152.7		1,138.0		1,152.8
EPS — basic	$	0.68	$	0.79	$	1.58	$	1.54
EPS — diluted	$	0.68	$	0.79	$	1.58	$	1.53

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes anti-dilutive stock options or unvested RSUs, which were immaterial in the periods presented.

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Commitments and Contingencies

6 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

Legal Proceedings

Starbucks is involved in various legal proceedings arising in the ordinary course of business, including litigation matters associated with labor union organizing efforts and certain employment litigation cases that have been certified as class or collective actions, but is not currently a party to any legal proceeding that management believes could have a material adverse effect on our consolidated financial position, results of operations, or cash flows. While we are closely monitoring the operational and financial impacts of labor union organizing efforts on our business, as of the date of this filing, we believe the risk of a material contingent loss associated with these litigation matters is remote. Refer to the Risk Factors in Part I, Item 1A of our most recently filed 10-K for further discussion of potential risks to our brand and related impacts on our financial results.

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Segment Reporting

6 Months Ended

Mar. 31, 2024

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
	Mar 31, 2024				Apr 2, 2023				Mar 31, 2024				Apr 2, 2023
Beverage(1)	$	5,160.6	60	%	$	5,226.9	60	%	$	10,856.4	60	%	$	10,401.4	60	%
Food(2)	1,583.0		18	%	1,590.9		18	%	3,339.9		19	%	3,157.0		18	%
Other(3)	1,819.4		22	%	1,902.0		22	%	3,792.0		21	%	3,875.4		22	%
Total	$	8,563.0	100	%	$	8,719.8	100	%	$	17,988.3	100	%	$	17,433.8	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 (in millions):

Quarter Ended

	North America		International		Channel Development		Corporate and Other		Total
March 31, 2024
Total net revenues	$	6,380.0	$	1,757.3	$	418.2	$	7.5	$	8,563.0
Depreciation and amortization expenses	257.1		84.3		—		30.5		371.9
Income from equity investees	—		0.2		67.8		—		68.0
Operating income/(loss)	$	1,148.3	$	233.8	$	216.3	$	(499.5)	$	1,098.9
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
Two Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
March 31, 2024
Total net revenues	$	13,500.7	$	3,603.6	$	866.2	$	17.8	$	17,988.3
Depreciation and amortization expenses	507.5		168.3		—		61.4		737.2
Income from equity investees	—		0.3		123.5		—		123.8
Operating income/(loss)	$	2,669.1	$	475.3	$	426.0	$	(986.1)	$	2,584.3
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

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Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Pay vs Performance Disclosure
Net earnings attributable to Starbucks	$ 772.4	$ 908.3	$ 1,796.8	$ 1,763.6

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Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Summary Of Significant Accounting Policies (Policies)

Summary of Significant Accounting Policies and Estimates

Financial Statement Preparation

The unaudited consolidated financial statements as of March 31, 2024, and for the quarters and two quarters ended March 31, 2024 and April 2, 2023, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarters and two quarters ended March 31, 2024 and April 2, 2023 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations, and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us,” or “our.”

Segment information is prepared on the same basis that our management reviews financial information for operational decision-making purposes.

Certain prior period information on the consolidated statements of cash flows have been reclassified to conform to the current presentation.

The financial information as of October 1, 2023 is derived from our audited consolidated financial statements and notes for the fiscal year ended October 1, 2023 (“fiscal 2023”) included in Item 8 in the fiscal 2023 Annual Report on Form 10-K (“10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.

The results of operations for the quarter and two quarters ended March 31, 2024 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending September 29, 2024 (“fiscal 2024”).

Recent Accounting Pronouncements Not Yet Adopted

In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance expanding segment disclosure requirements. The amendments require enhanced disclosure for certain segment items and require disclosure on how management uses reported measures to assess segment performance. The amendments do not change how segments are determined, aggregated, or how thresholds are applied to determine reportable segments. We expect to adopt the guidance for the fiscal year ending September 28, 2025. We are currently evaluating the expanded disclosure requirements and do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In December 2023, the FASB issued guidance expanding disclosure requirements related to income taxes. The amendments require enhanced jurisdictional disclosures for the income tax rate reconciliation and related to cash income taxes paid. Additionally, specific disclosures related to unrecognized tax benefits and indefinite reinvestment assertions were removed. The amendments are effective for our fiscal year ending September 27, 2026. While we are still evaluating the specific impacts and timing of adoption, we anticipate this guidance will have a significant impact on our annual income tax disclosures.

In March 2024, the SEC issued its final climate disclosure rules, which require the disclosure of climate-related information in annual reports and registration statements. The rules require disclosure in the audited financial statements of certain effects of severe weather events and other natural conditions above certain financial thresholds, as well as amounts related to carbon offsets and renewable energy credits or certificates, if material. Disclosure requirements will begin phasing in for fiscal years beginning on or after January 1, 2025. On April 4, 2024, the SEC determined to voluntarily stay the final rules pending certain legal challenges. We are currently evaluating the impact of the new rules and expect to include updated climate-related disclosures in our Annual Report on Form 10-K for our fiscal year ending September 27, 2026, depending on the outcome of the legal challenges.

Recent Accounting Pronouncements (Policies)

Recent Accounting Pronouncements Not Yet Adopted

In November 2023, the Financial Accounting Standards Board (“FASB”) issued guidance expanding segment disclosure requirements. The amendments require enhanced disclosure for certain segment items and require disclosure on how management uses reported measures to assess segment performance. The amendments do not change how segments are determined, aggregated, or how thresholds are applied to determine reportable segments. We expect to adopt the guidance for the fiscal year ending September 28, 2025. We are currently evaluating the expanded disclosure requirements and do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In December 2023, the FASB issued guidance expanding disclosure requirements related to income taxes. The amendments require enhanced jurisdictional disclosures for the income tax rate reconciliation and related to cash income taxes paid. Additionally, specific disclosures related to unrecognized tax benefits and indefinite reinvestment assertions were removed. The amendments are effective for our fiscal year ending September 27, 2026. While we are still evaluating the specific impacts and timing of adoption, we anticipate this guidance will have a significant impact on our annual income tax disclosures.

In March 2024, the SEC issued its final climate disclosure rules, which require the disclosure of climate-related information in annual reports and registration statements. The rules require disclosure in the audited financial statements of certain effects of severe weather events and other natural conditions above certain financial thresholds, as well as amounts related to carbon offsets and renewable energy credits or certificates, if material. Disclosure requirements will begin phasing in for fiscal years beginning on or after January 1, 2025. On April 4, 2024, the SEC determined to voluntarily stay the final rules pending certain legal challenges. We are currently evaluating the impact of the new rules and expect to include updated climate-related disclosures in our Annual Report on Form 10-K for our fiscal year ending September 27, 2026, depending on the outcome of the legal challenges.

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Derivative Financial Instruments (Tables)

6 Months Ended

Mar. 31, 2024

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)
	Mar 31, 2024		Oct 1, 2023
Cash Flow Hedges:
Coffee	$	16.2	$	(78.1)	$	16.2	4
Cross-currency swaps	0.2		(0.6)		—		8
Dairy	(1.3)		(1.8)		(1.3)		8
Foreign currency - other	30.6		39.6		21.4		33
Interest rates	(5.1)		(6.6)		(3.0)		0
Net Investment Hedges:
Cross-currency swaps	127.9		87.1		—		120
Foreign currency	16.0		16.0		—		0
Foreign currency debt	135.3		140.2		—		0

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)
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Cash Flow Hedges:
Coffee	$	(1.2)	$	(0.5)	$	(6.2)	$	59.9	Product and distribution costs
Cross-currency swaps	4.0		(2.5)		0.4		(3.0)		Interest expense
					3.3		(0.1)		Interest income and other, net
Dairy	(1.3)		(2.3)		(2.3)		(3.3)		Product and distribution costs
Foreign currency - other	34.9		3.8		7.4		4.0		Licensed stores revenue
					2.2		2.2		Product and distribution costs
Interest rates	—		0.3		(1.0)		0.2		Interest expense
Net Investment Hedges:
Cross-currency swaps (1)	67.0		(1.1)		10.2		7.0		Interest expense
Foreign currency debt	25.5		(1.6)		—		—
	Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Cash Flow Hedges:
Coffee	$	63.1	$	(119.9)	$	(46.6)	$	156.6	Product and distribution costs
Cross-currency swaps	2.4		(14.2)		1.0		(5.7)		Interest expense
					0.6		(9.2)		Interest income and other, net
Dairy	(3.2)		(5.9)		(3.9)		(4.8)		Product and distribution costs
Foreign currency - other	9.5		(42.2)		16.2		11.9		Licensed stores revenue
					5.0		4.4		Product and distribution costs
					—		0.2		Interest income and other, net
Interest rates	—		0.3		(2.0)		(0.3)		Interest expense
Net Investment Hedges:
Cross-currency swaps (1)	73.6		(15.1)		19.1		12.3		Interest expense
Foreign currency debt	(6.3)		(52.2)		—		—

(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				Two Quarters Ended
		Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Non-Designated Derivatives:
Foreign currency - other	Interest income and other, net	$	3.6	$	1.6	$	1.2	$	(10.0)
Coffee	Interest income and other, net	—		—		—		(5.5)
Diesel fuel and other commodities	Interest income and other, net	0.3		(1.7)		(0.4)		(1.9)
Fair Value Hedges:
Interest rate swaps	Interest expense	(8.7)		4.7		2.4		3.1
Long-term debt (hedged item)	Interest expense	5.7		(12.1)		(8.6)		(15.4)

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Mar 31, 2024		Oct 1, 2023
Coffee	$	68	$	266
Cross-currency swaps	1,746		1,076
Dairy	52		71
Diesel fuel and other commodities	14		7
Foreign currency - other	1,191		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	Mar 31, 2024		Oct 1, 2023
Designated Derivative Instruments:
Cross-currency swaps	Prepaid expenses and other current assets	$	13.0	$	—
	Other long-term assets	164.5		130.1
Dairy	Prepaid expenses and other current assets	0.5		0.4
Foreign currency - other	Prepaid expenses and other current assets	27.3		32.0
	Other long-term assets	16.7		22.9
Interest rate swaps	Prepaid expenses and other current assets	—		0.4
Non-designated Derivative Instruments:
Dairy	Prepaid expenses and other current assets	0.1		—
Diesel fuel and other commodities	Prepaid expenses and other current assets	0.2		0.7
Foreign currency	Prepaid expenses and other current assets	7.0		7.5
		Derivative Liabilities
	Balance Sheet Location	Mar 31, 2024		Oct 1, 2023
Designated Derivative Instruments:
Dairy	Accrued liabilities	$	1.7	$	1.1
Foreign currency - other	Accrued liabilities	2.6		2.0
	Other long-term liabilities	2.2		—
Interest rate swaps	Other long-term liabilities	32.9		41.4
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	0.4		—
Diesel fuel and other commodities	Accrued liabilities	0.1		—
Foreign currency	Accrued liabilities	0.7		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
	Mar 31, 2024		Oct 1, 2023		Mar 31, 2024		Oct 1, 2023
Location on the balance sheet
Long-term debt(1)	$	318.6	$	1,060.0	$	(31.4)	$	(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.

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Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2024

Apr. 02, 2023

Fair Value Disclosures [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

			Fair Value Measurements at Reporting Date Using
	Balance at March 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant  Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	2,764.1	$	2,764.1	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	37.7		—		37.7		—
Foreign corporate bonds	0.2		—		0.2		—
Mortgage and other asset-backed securities	0.3		—		0.3		—
State and local government obligations	1.4		—		1.4		—
U.S. government treasury securities	16.5		16.5		—		—
Total available-for-sale debt securities	56.1		16.5		39.6		—
Structured deposits	221.9		—		221.9		—
Marketable equity securities	84.5		84.5		—		—
Total short-term investments	362.5		101.0		261.5		—
Prepaid expenses and other current assets:
Derivative assets	48.1		—		48.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	127.4		—		116.9		10.5
Mortgage and other asset-backed securities	52.6		—		52.6		—
State and local government obligations	2.7		—		2.7		—
U.S. government treasury securities	97.5		97.5		—		—
Total available-for-sale debt securities	280.2		97.5		172.2		10.5
Structured deposits	0.2		—		0.2		—
Total long-term investments	280.4		97.5		172.4		10.5
Other long-term assets:
Derivative assets	181.2		—		181.2		—
Total assets	$	3,636.3	$	2,962.6	$	663.2	$	10.5
Liabilities:
Accrued liabilities:
Derivative liabilities	$	5.5	$	—	$	5.5	$	—
Other long-term liabilities:
Derivative liabilities	35.1		—		35.1		—
Total liabilities	$	40.6	$	—	$	40.6	$	—

			Fair Value Measurements at Reporting Date Using
	Balance at October 1, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	3,551.5	$	3,551.5	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	64.0		—		64.0		—
U.S. government treasury securities	2.8		2.8		—		—
Foreign government obligations	3.9		—		3.9		—
Total available-for-sale debt securities	70.7		2.8		67.9		—
Structured deposits	261.2		—		261.2		—
Marketable equity securities	69.6		69.6		—		—
Total short-term investments	401.5		72.4		329.1		—
Prepaid expenses and other current assets:
Derivative assets	41.0		—		41.0		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	91.1		—		91.1		—
Mortgage and other asset-backed securities	50.2		—		50.2		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	104.7		104.7		—		—
Total long-term investments	247.3		104.7		142.6		—
Other long-term assets:
Derivative assets	153.0		—		153.0		—
Total assets	$	4,394.3	$	3,728.6	$	665.7	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	3.6	$	—	$	3.6	$	—
Other long-term liabilities:
Derivative liabilities	43.2		—		43.2		—
Total liabilities	$	46.8	$	—	$	46.8	$	—

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Inventories (Tables)

6 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories

	Mar 31, 2024		Oct 1, 2023
Coffee:
Unroasted	$	694.9	$	747.7
Roasted	257.7		280.3
Other merchandise held for sale	313.4		364.6
Packaging and other supplies	478.0		413.8
Total	$	1,744.0	$	1,806.4

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Supplemental Balance Sheet and Statement of Earnings Information (Tables)

6 Months Ended

Mar. 31, 2024

Balance Sheet Related Disclosures [Abstract]

Property, Plant And Equipment, net

Property, Plant and Equipment, net

	Mar 31, 2024		Oct 1, 2023
Land	$	46.1	$	46.1
Buildings	671.8		666.5
Leasehold improvements	10,532.8		10,133.7
Store equipment	3,468.0		3,332.5
Roasting equipment	880.1		859.4
Furniture, fixtures and other	1,741.1		1,664.5
Work in progress	713.5		607.5
Property, plant and equipment, gross	18,053.4		17,310.2
Accumulated depreciation	(10,236.0)		(9,923.1)
Property, plant and equipment, net	$	7,817.4	$	7,387.1

Accrued Liabilities

Accrued Liabilities

	Mar 31, 2024		Oct 1, 2023
Accrued occupancy costs	$	78.0	$	86.7
Accrued dividends payable	645.5		651.2
Accrued capital and other operating expenditures	743.7		771.7
Insurance reserves	252.0		233.5
Income taxes payable	102.6		189.3
Accrued business taxes	194.2		212.7
Total accrued liabilities	$	2,016.0	$	2,145.1

Income Statement Related Disclosures [Abstract]

Store Operating Expenses

Store Operating Expenses

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Wages and benefits	$	2,139.4	$	2,174.3	$	4,348.7	$	4,389.9
Occupancy costs	741.3		703.4		1,487.0		1,374.9
Other expenses	843.4		758.3		1,739.9		1,536.5
Total store operating expenses	$	3,724.1	$	3,636.0	$	7,575.6	$	7,301.3

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Other Intangible Assets and Goodwill (Tables)

6 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Indefinite-Lived Intangible Assets

(in millions)	Mar 31, 2024		Oct 1, 2023
Trade names, trademarks and patents	$	79.5	$	79.4

Finite-Lived Intangible Assets

	Mar 31, 2024						Oct 1, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	962.0	$	(962.0)	$	—	$	957.6	$	(957.6)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.6)		—
Trade names, trademarks and patents	130.3		(100.6)		29.7		131.0		(91.9)		39.1
Licensing agreements	12.9		(11.4)		1.5		13.0		(11.0)		2.0
Other finite-lived intangible assets	20.3		(20.3)		—		20.1		(20.1)		—
Total finite-lived intangible assets	$	1,153.1	$	(1,121.9)	$	31.2	$	1,149.3	$	(1,108.2)	$	41.1

Estimated Future Amortization Expense

Estimated future amortization expense as of March 31, 2024 (in millions):

Fiscal Year	Total
2024 (excluding the two quarters ended March 31, 2024)	$	9.9
2025	14.0
2026	2.1
2027	1.8
2028	1.2
Thereafter	2.2
Total estimated future amortization expense	$	31.2

Changed in Carrying Amount of Goodwill by Reportable Operating Segment

Changes in the carrying amount of goodwill by reportable operating segment (in millions):

	North America		International		Channel Development		Corporate and Other		Total
Goodwill balance at October 1, 2023	$	491.5	$	2,691.1	$	34.7	$	1.0	$	3,218.3
Other(1)	(0.1)		11.1		—		—		11.0
Goodwill balance at March 31, 2024	$	491.4	$	2,702.2	$	34.7	$	1.0	$	3,229.3

(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.

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Debt (Tables)

6 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Components of Long-Term Debt Including Associated Interest Rates and Related Estimated Fair Values

Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):

	Mar 31, 2024				Oct 1, 2023				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
October 2023 notes(2)	$	—	$	—	$	750.0	$	749.9	3.850	%	2.859	%
February 2024 notes(3)	—		—		500.0		504.2		5.848	%	6.079	%
March 2024 notes(4)	—		—		569.3		569.3		0.372	%	0.462	%
August 2025 notes	1,250.0		1,225.4		1,250.0		1,210.5		3.800	%	3.721	%
February 2026 notes	1,000.0		994.3		1,000.0		985.5		4.750	%	4.788	%
June 2026 notes	500.0		472.5		500.0		463.5		2.450	%	2.511	%
February 2027 notes	1,000.0		998.0		—		—		4.850	%	4.958	%
March 2027 notes	500.0		459.6		500.0		446.1		2.000	%	2.058	%
March 2028 notes	600.0		570.4		600.0		554.7		3.500	%	3.529	%
November 2028 notes	750.0		726.8		750.0		704.5		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		942.6		1,000.0		904.1		3.550	%	3.840	%
March 2030 notes	750.0		646.4		750.0		615.1		2.250	%	3.084	%
November 2030 notes	1,250.0		1,083.6		1,250.0		1,027.1		2.550	%	2.582	%
February 2031 notes	500.0		497.4		—		—		4.900	%	5.046	%
February 2032 notes	1,000.0		874.8		1,000.0		828.0		3.000	%	3.155	%
February 2033 notes	500.0		495.0		500.0		470.7		4.800	%	3.798	%
February 2034 notes	500.0		496.5		—		—		5.000	%	5.127	%
June 2045 notes	350.0		303.7		350.0		275.3		4.300	%	4.348	%
December 2047 notes	500.0		393.7		500.0		354.0		3.750	%	3.765	%
November 2048 notes	1,000.0		878.0		1,000.0		799.0		4.500	%	4.504	%
August 2049 notes	1,000.0		869.5		1,000.0		792.7		4.450	%	4.447	%
March 2050 notes	500.0		355.8		500.0		328.6		3.350	%	3.362	%
November 2050 notes	1,250.0		925.9		1,250.0		843.4		3.500	%	3.528	%
Total	15,700.0		14,209.9		15,519.3		13,426.2
Aggregate debt issuance costs and unamortized premium/(discount), net	(121.1)				(113.1)
Hedge accounting fair value adjustment(2)	(31.4)				(40.0)
Total	$	15,547.5			$	15,366.2

(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.

(2)Amount includes the change in fair value due to changes in benchmark interest rates related to hedging our October 2023 notes and $350.0 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap agreements designated as fair value hedges.

(3)Floating rate notes that bear interest at a rate equal to Compounded SOFR (as defined in the February 2024 notes) plus 0.420%, resulting in a stated interest rate of 5.848% at maturity on February 14, 2024.

(4)Japanese yen-denominated long-term debt.

Long-Term Debt Maturities

The following table summarizes our long-term debt maturities as of March 31, 2024 by fiscal year (in millions):

Fiscal Year	Total
2024	$	—
2025	1,250.0
2026	1,500.0
2027	1,500.0
2028	600.0
Thereafter	10,850.0
Total	$	15,700.0

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Leases (Tables)

6 Months Ended

Mar. 31, 2024

Leases [Abstract]

Lease, Cost

The components of lease costs (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Operating lease costs(1)	$	424.1	$	401.7	$	841.5	$	786.5
Variable lease costs	271.7		253.9		543.6		489.2
Short-term lease costs	7.2		7.0		14.9		14.0
Total lease costs	$	703.0	$	662.6	$	1,400.0	$	1,289.7

(1)Includes immaterial amounts of sublease income and rent concessions.

Supplemental Lease Disclosure

The following table includes supplemental information (in millions):

	Two Quarters Ended
	Mar 31, 2024			Apr 2, 2023
Cash paid related to operating lease liabilities	$	778.8		$	819.0
Operating lease liabilities arising from obtaining right-of-use assets	980.5			828.0
	Mar 31, 2024			Apr 2, 2023
Weighted-average remaining operating lease term	8.6 years			8.5 years
Weighted-average operating lease discount rate	3.2		%	2.9		%

Lessee, Operating Lease, Liability, Maturity

Minimum future maturities of operating lease liabilities (in millions):

Fiscal Year	Total
2024 (excluding the two quarters ended March 31, 2024)	$	861.1
2025	1,658.0
2026	1,515.8
2027	1,338.7
2028	1,139.4
Thereafter	4,589.9
Total lease payments	11,102.9
Less imputed interest	(1,515.9)
Total	$	9,587.0

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Deferred Revenue (Tables)

6 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Changes in Deferred Revenue Balance Related to Stored Value Cards and Loyalty Program

Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):

Quarter Ended March 31, 2024	Total
Stored value cards and loyalty program at December 31, 2023	$	2,169.7
Revenue deferred - card activations, card reloads and Stars earned	3,456.5
Revenue recognized - card and Stars redemptions and breakage	(3,792.4)
Other(1)	(14.9)
Stored value cards and loyalty program at March 31, 2024(2)	$	1,818.9
Quarter Ended April 2, 2023	Total
Stored value cards and loyalty program at January 1, 2023	$	2,025.6
Revenue deferred - card activations, card reloads and Stars earned	3,416.0
Revenue recognized - card and Stars redemptions and breakage	(3,778.4)
Other(1)	1.3
Stored value cards and loyalty program at April 2, 2023(2)	$	1,664.5
Two Quarters Ended March 31, 2024	Total
Stored value cards and loyalty program at October 1, 2023	$	1,567.5
Revenue deferred - card activations, card reloads and Stars earned	8,143.7
Revenue recognized - card and Stars redemptions and breakage	(7,890.8)
Other(1)	(1.5)
Stored value cards and loyalty program at March 31, 2024(2)	$	1,818.9
Two Quarters Ended April 2, 2023	Total
Stored value cards and loyalty program at October 2, 2022	$	1,503.0
Revenue deferred - card activations, card reloads and Stars earned	7,639.4
Revenue recognized - card and Stars redemptions and breakage	(7,492.5)
Other(1)	14.6
Stored value cards and loyalty program at April 2, 2023(2)	$	1,664.5

(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.

(2)As of March 31, 2024 and April 2, 2023, approximately $1.7 billion and $1.6 billion, respectively, of these amounts were current.

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Equity (Tables)

6 Months Ended

Mar. 31, 2024

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income by component, net of tax

Equity

Changes in AOCI by component, net of tax (in millions):

Quarter Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
March 31, 2024
Net gains/(losses) in AOCI, beginning of period	$	(7.9)	$	15.7	$	217.7	$	(783.3)	$	(557.8)
Net gains/(losses) recognized in OCI before reclassifications	(0.3)		27.1		69.2		(150.0)		(54.0)
Net (gains)/losses reclassified from AOCI to earnings	0.3		(2.2)		(7.7)		—		(9.6)
Other comprehensive income/(loss) attributable to Starbucks	—		24.9		61.5		(150.0)		(63.6)
Other comprehensive income/(loss) attributable to NCI	—		—		—		(0.1)		(0.1)
Net gains/(losses) in AOCI, end of period	$	(7.9)	$	40.6	$	279.2	$	(933.4)	$	(621.5)
April 2, 2023
Net gains/(losses) in AOCI, beginning of period	$	(13.9)	$	(34.9)	$	156.8	$	(646.9)	$	(538.9)
Net gains/(losses) recognized in OCI before reclassifications	2.8		(1.1)		(2.0)		74.7		74.4
Net (gains)/losses reclassified from AOCI to earnings	0.2		(52.1)		(5.2)		—		(57.1)
Other comprehensive income/(loss) attributable to Starbucks	3.0		(53.2)		(7.2)		74.7		17.3
Net gains/(losses) in AOCI, end of period	$	(10.9)	$	(88.1)	$	149.6	$	(572.2)	$	(521.6)
Two Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
March 31, 2024
Net gains/(losses) in AOCI, beginning of period	$	(12.3)	$	(47.5)	$	243.3	$	(961.7)	$	(778.2)
Net gains/(losses) recognized in OCI before reclassifications	3.9		60.7		50.3		28.2		143.1
Net (gains)/losses reclassified from AOCI to earnings	0.5		27.4		(14.4)		—		13.5
Other comprehensive income/(loss) attributable to Starbucks	4.4		88.1		35.9		28.2		156.6
Other comprehensive income/(loss) attributable to NCI	—		—		—		0.1		0.1
Net gains/(losses) in AOCI, end of period	$	(7.9)	$	40.6	$	279.2	$	(933.4)	$	(621.5)
April 2, 2023
Net gains/(losses) in AOCI, beginning of period	$	(15.5)	$	199.0	$	209.1	$	(855.8)	$	(463.2)
Net gains/(losses) recognized in OCI before reclassifications	4.3		(152.3)		(50.3)		283.6		85.3
Net (gains)/losses reclassified from AOCI to earnings	0.3		(134.8)		(9.2)		—		(143.7)
Other comprehensive income/(loss) attributable to Starbucks	4.6		(287.1)		(59.5)		283.6		(58.4)
Net gains/(losses) in AOCI, end of period	$	(10.9)	$	(88.1)	$	149.6	$	(572.2)	$	(521.6)

Impact of reclassifications from Accumulated Other Comprehensive Income on the consolidated statements of earnings

Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Mar 31, 2024		Apr 2, 2023
Gains/(losses) on available-for-sale debt securities	$	(0.4)	$	(0.3)	Interest income and other, net
Gains/(losses) on cash flow hedges	3.8		59.9		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	10.2		7.0		Interest expense
	13.6		66.6		Total before tax
	(4.0)		(9.5)		Tax expense
	$	9.6	$	57.1	Net of tax
Two Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Mar 31, 2024		Apr 2, 2023
Gains/(losses) on available-for-sale debt securities	$	(0.7)	$	(0.4)	Interest income and other, net
Gains/(losses) on cash flow hedges	(29.7)		153.1		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	19.1		12.3		Interest expense
	(11.3)		165.0		Total before tax
	(2.2)		(21.3)		Tax expense
	$	(13.5)	$	143.7	Net of tax

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Employee Stock Plans (Tables)

6 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Expense Recognized in Consolidated Statements of Earnings

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Restricted Stock Units (“RSUs”)	$	78.3	$	74.1	$	173.2	$	159.2
Options	(0.1)		0.0		(0.2)		0.1
Total stock-based compensation expense	$	78.2	$	74.1	$	173.0	$	159.3

Stock Option and RSU Transactions

Stock option and RSU transactions from October 1, 2023 through March 31, 2024 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 1, 2023	2.0		7.3
Granted	—		4.1
Options exercised/RSUs vested	(0.6)		(2.9)
Forfeited/expired	—		(0.4)
Options outstanding/Nonvested RSUs, March 31, 2024	1.4		8.1
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 31, 2024	$	—	$	314.1

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Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Two Quarters Ended
	Mar 31, 2024		Apr 2, 2023		Mar 31, 2024		Apr 2, 2023
Net earnings attributable to Starbucks	$	772.4	$	908.3	$	1,796.8	$	1,763.6
Weighted average common shares outstanding (for basic calculation)	1,132.4		1,148.5		1,134.5		1,148.4
Dilutive effect of outstanding common stock options and RSUs	3.0		4.2		3.5		4.4
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,135.4		1,152.7		1,138.0		1,152.8
EPS — basic	$	0.68	$	0.79	$	1.58	$	1.54
EPS — diluted	$	0.68	$	0.79	$	1.58	$	1.53

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Segment Reporting (Tables)

6 Months Ended

Mar. 31, 2024

Revenue from External Customer [Line Items]

Revenue from External Customers by Products and Services [Table Text Block]

Consolidated revenue mix by product type (in millions):

	Quarter Ended								Two Quarters Ended
	Mar 31, 2024				Apr 2, 2023				Mar 31, 2024				Apr 2, 2023
Beverage(1)	$	5,160.6	60	%	$	5,226.9	60	%	$	10,856.4	60	%	$	10,401.4	60	%
Food(2)	1,583.0		18	%	1,590.9		18	%	3,339.9		19	%	3,157.0		18	%
Other(3)	1,819.4		22	%	1,902.0		22	%	3,792.0		21	%	3,875.4		22	%
Total	$	8,563.0	100	%	$	8,719.8	100	%	$	17,988.3	100	%	$	17,433.8	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.

Financial Information For Reportable Operating Segments And All Other Segments

The tables below present financial information for our reportable operating segments and Corporate and Other (in millions):

Quarter Ended

	North America		International		Channel Development		Corporate and Other		Total
March 31, 2024
Total net revenues	$	6,380.0	$	1,757.3	$	418.2	$	7.5	$	8,563.0
Depreciation and amortization expenses	257.1		84.3		—		30.5		371.9
Income from equity investees	—		0.2		67.8		—		68.0
Operating income/(loss)	$	1,148.3	$	233.8	$	216.3	$	(499.5)	$	1,098.9
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
Two Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
March 31, 2024
Total net revenues	$	13,500.7	$	3,603.6	$	866.2	$	17.8	$	17,988.3
Depreciation and amortization expenses	507.5		168.3		—		61.4		737.2
Income from equity investees	—		0.3		123.5		—		123.8
Operating income/(loss)	$	2,669.1	$	475.3	$	426.0	$	(986.1)	$	2,584.3
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

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Acquisitions and Divestitures (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Business Acquisition [Line Items]
Proceeds from Sale of Productive Assets		$ 110.0	$ 0.0	$ 110.0
Gain (Loss) on Disposition of Assets	$ 0.0	$ 91.3	$ 0.0	$ 91.3

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Derivative Financial Instruments (Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023	Oct. 01, 2023
Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 36.4	$ (1.2)	$ 71.8	$ (181.9)
Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 16.2
Outstanding Contract Remaining Maturity (Months)	4 months		4 months
Net Gains/(Losses) Included in AOCI	$ 16.2				$ (78.1)
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	8 months		8 months
Net Gains/(Losses) Included in AOCI	$ 0.2				(0.6)
Cash Flow Hedging [Member] | Dairy Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ (1.3)
Outstanding Contract Remaining Maturity (Months)	8 months		8 months
Net Gains/(Losses) Included in AOCI	$ (1.3)				(1.8)
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 21.4
Outstanding Contract Remaining Maturity (Months)	33 months		33 months
Net Gains/(Losses) Included in AOCI	$ 30.6				39.6
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ (3.0)
Outstanding Contract Remaining Maturity (Months)	0 months		0 months
Net Gains/(Losses) Included in AOCI	$ (5.1)				(6.6)
Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	127.9		$ 127.9		87.1
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	120 months		120 months
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 16.0		$ 16.0		16.0
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	0 months		0 months
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 135.3		$ 135.3		$ 140.2
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	0 months		0 months

XML

Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023	Oct. 01, 2023
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Gains/(Losses) Included in AOCI	$ 36.4	$ (1.2)	$ 71.8	$ (181.9)
Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Gains/(Losses) Included in AOCI	16.2				$ (78.1)
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Gains/(Losses) Included in AOCI	0.2				(0.6)
Cash Flow Hedging [Member] | Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Gains/(Losses) Included in AOCI	(1.3)				(1.8)
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Gains/(Losses) Included in AOCI	30.6				39.6
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Gains/(Losses) Included in AOCI	(5.1)				(6.6)
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	92.5	(2.7)	67.3	(67.3)
Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	127.9		127.9		87.1
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	16.0		16.0		16.0
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	135.3		135.3		$ 140.2
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	(6.2)	59.9	(46.6)	156.6
Net Gains/(Losses) Included in AOCI	(1.2)	(0.5)	63.1	(119.9)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Gains/(Losses) Included in AOCI	4.0	(2.5)	2.4	(14.2)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	(2.3)	(3.3)	(3.9)	(4.8)
Net Gains/(Losses) Included in AOCI	(1.3)	(2.3)	(3.2)	(5.9)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net Gains/(Losses) Included in AOCI	34.9	3.8	9.5	(42.2)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	(1.0)	0.2	(2.0)	(0.3)
Net Gains/(Losses) Included in AOCI	0.0	0.3	0.0	0.3
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	10.2	7.0	19.1	12.3
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	67.0	(1.1)	73.6	(15.1)
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	0.0	0.0	0.0	0.0
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	25.5	(1.6)	(6.3)	(52.2)
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	2.2	2.2	5.0	4.4
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	0.4	(3.0)	1.0	(5.7)
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	3.3	(0.1)	0.6	(9.2)
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings			0.0	0.2
Franchised Units Revenue [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	$ 7.4	$ 4.0	$ 16.2	$ 11.9

XML

Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (8.7)	$ 4.7	$ 2.4	$ 3.1
Long-term Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	5.7	(12.1)	(8.6)	(15.4)
Interest and Other Income [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	0.0	0.0	0.0	(5.5)
Interest and Other Income [Member] | Diesel and Other Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	0.3	(1.7)	(0.4)	(1.9)
Interest and Other Income [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	$ 3.6	$ 1.6	$ 1.2	$ (10.0)

XML

Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Coffee Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 68	$ 266
Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	1,746	1,076
Dairy Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	52	71
Diesel and Other Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	14	7
Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative, Notional Amount	1,191	1,164
Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 350	$ 1,100

XML

Derivative Financial Instruments Derivative Financial Instruments (Fair Value of Outstanding Derivative Contracts) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Derivative [Line Items]
Derivative Liabilities	$ 40.6
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative Assets	13.0	$ 0.0
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Assets	0.5	0.4
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	27.3	32.0
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Assets	0.0	0.4
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Assets	0.1	0.0
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]
Derivative [Line Items]
Derivative Assets	0.2	0.7
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	7.0	7.5
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative Assets	164.5	130.1
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	16.7	22.9
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Liabilities	1.7	1.1
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	2.6	2.0
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Liabilities	0.4	0.0
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]
Derivative [Line Items]
Derivative Liabilities	0.1	0.0
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	0.7	0.5
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	2.2	0.0
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Liabilities	32.9	41.4
Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	$ 0.0	$ 1.8

XML

Derivative Financial Instruments Interest Rate Swaps (Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position) (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 318.6	$ 1,060.0
Long-term Debt [Member]
Derivatives, Fair Value [Line Items]
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	$ (31.4)	$ (40.0)

XML

Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Assets:
Total short-term investments	$ 362.5	$ 401.5
Derivative assets, Current	48.1	41.0
Derivative assets, Noncurrent	181.2	153.0
Total Assets	3,636.3	4,394.3
Liabilities:
Derivative liabilities, Current	5.5	3.6
Derivative liabilities, Noncurrent	35.1	43.2
Derivative Liabilities	40.6
Total liabilities		46.8
Cash and cash equivalents
Assets:
Cash and cash equivalents	2,764.1	3,551.5
Short-term Investments [Member]
Assets:
Available-for-sale debt securities	56.1	70.7
Marketable equity securities	84.5	69.6
Total short-term investments	362.5	401.5
Structured deposits	221.9	261.2
Long-term Investments [Member]
Assets:
Available-for-sale debt securities	280.2	247.3
Other Long-Term Assets [Member]
Assets:
Structured deposits	0.2
Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	37.7	64.0
Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	127.4	91.1
Foreign Government Short-term Debt Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities		3.9
Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.3
Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	52.6	50.2
State and local government obligations | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	1.4
State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	2.7	1.3
U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	16.5	2.8
U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	97.5	104.7
Corporate Bond Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.2
Fair Value, Inputs, Level 1 [Member]
Assets:
Derivative assets, Current	0.0	0.0
Derivative assets, Noncurrent	0.0	0.0
Total Assets	2,962.6	3,728.6
Liabilities:
Derivative liabilities, Current	0.0	0.0
Derivative liabilities, Noncurrent	0.0	0.0
Derivative Liabilities	0.0
Total liabilities		0.0
Fair Value, Inputs, Level 1 [Member] | Cash and cash equivalents
Assets:
Cash and cash equivalents	2,764.1	3,551.5
Fair Value, Inputs, Level 1 [Member] | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	16.5	2.8
Marketable equity securities	84.5	69.6
Total short-term investments	101.0	72.4
Structured deposits	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	97.5	104.7
Fair Value, Inputs, Level 1 [Member] | Other Long-Term Assets [Member]
Assets:
Structured deposits	0.0
Fair Value, Inputs, Level 1 [Member] | Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | Foreign Government Short-term Debt Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities		0.0
Fair Value, Inputs, Level 1 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 1 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | State and local government obligations | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 1 [Member] | State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	16.5	2.8
Fair Value, Inputs, Level 1 [Member] | U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	97.5	104.7
Fair Value, Inputs, Level 1 [Member] | Corporate Bond Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 2 [Member]
Assets:
Derivative assets, Current	48.1	41.0
Derivative assets, Noncurrent	181.2	153.0
Total Assets	663.2	665.7
Liabilities:
Derivative liabilities, Current	5.5	3.6
Derivative liabilities, Noncurrent	35.1	43.2
Derivative Liabilities	40.6
Total liabilities		46.8
Fair Value, Inputs, Level 2 [Member] | Cash and cash equivalents
Assets:
Cash and cash equivalents	0.0	0.0
Fair Value, Inputs, Level 2 [Member] | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	39.6	67.9
Marketable equity securities	0.0	0.0
Total short-term investments	261.5	329.1
Structured deposits	221.9	261.2
Fair Value, Inputs, Level 2 [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	172.2	142.6
Fair Value, Inputs, Level 2 [Member] | Other Long-Term Assets [Member]
Assets:
Structured deposits	0.2
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	37.7	64.0
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	116.9	91.1
Fair Value, Inputs, Level 2 [Member] | Foreign Government Short-term Debt Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities		3.9
Fair Value, Inputs, Level 2 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.3
Fair Value, Inputs, Level 2 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	52.6	50.2
Fair Value, Inputs, Level 2 [Member] | State and local government obligations | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	1.4
Fair Value, Inputs, Level 2 [Member] | State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	2.7	1.3
Fair Value, Inputs, Level 2 [Member] | U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 2 [Member] | U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 2 [Member] | Corporate Bond Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.2
Fair Value, Inputs, Level 3 [Member]
Assets:
Derivative assets, Current	0.0	0.0
Derivative assets, Noncurrent	0.0	0.0
Total Assets	10.5	0.0
Liabilities:
Derivative liabilities, Current	0.0	0.0
Derivative liabilities, Noncurrent	0.0	0.0
Derivative Liabilities	0.0
Total liabilities		0.0
Fair Value, Inputs, Level 3 [Member] | Cash and cash equivalents
Assets:
Cash and cash equivalents	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Marketable equity securities	0.0	0.0
Total short-term investments	0.0	0.0
Structured deposits	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	10.5	0.0
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Assets [Member]
Assets:
Structured deposits	0.0
Fair Value, Inputs, Level 3 [Member] | Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	10.5	0.0
Fair Value, Inputs, Level 3 [Member] | Foreign Government Short-term Debt Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities		0.0
Fair Value, Inputs, Level 3 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 3 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | State and local government obligations | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 3 [Member] | State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	$ 0.0
Fair Value, Inputs, Level 3 [Member] | Corporate Bond Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	$ 0.0

XML

Inventories (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Fixed-price Contract [Member]
Inventory [Line Items]
Amount of coffee committed to be purchased	$ 398.6
Price-to-be-fixed Contract [Member]
Inventory [Line Items]
Amount of coffee committed to be purchased	$ 855.6

XML

Inventories (Components of Inventory) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Inventory Disclosure [Abstract]
Unroasted	$ 694.9	$ 747.7
Roasted	257.7	280.3
Other merchandise held for sale	313.4	364.6
Packaging and other supplies	478.0	413.8
Total	$ 1,744.0	$ 1,806.4

XML

Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 18,053.4	$ 17,310.2
Accumulated depreciation	(10,236.0)	(9,923.1)
Property, plant and equipment, net	7,817.4	7,387.1
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	46.1	46.1
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	671.8	666.5
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,532.8	10,133.7
Store Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,468.0	3,332.5
Roasting Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	880.1	859.4
Furniture, Fixtures and Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,741.1	1,664.5
Work in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 713.5	$ 607.5

XML

Supplemental Balance Sheet Information (Accrued Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Accrued Liabilities [Line Items]
Accrued occupancy costs	$ 78.0	$ 86.7
Dividends Payable, Current	645.5	651.2
Other Accrued Liabilities, Current	743.7	771.7
Insurance Reserve, Current	252.0	233.5
Income taxes payable	102.6	189.3
Accrual for Taxes Other than Income Taxes, Current	194.2	212.7
Accrued liabilities	$ 2,016.0	$ 2,145.1

XML

Supplemental Income Statement Information (Store Operating Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Store Operating Expenses [Line Items]
Wages and benefits	$ 2,139.4	$ 2,174.3	$ 4,348.7	$ 4,389.9
Occupancy costs	741.3	703.4	1,487.0	1,374.9
Other store operating expenses	843.4	758.3	1,739.9	1,536.5
Store operating expenses	$ 3,724.1	$ 3,636.0	$ 7,575.6	$ 7,301.3

XML

Intangible Assets, Goodwill and Other (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 5.1	$ 5.3	$ 10.2	$ 10.9

XML

Other Intangible Assets and Goodwill (Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Trade names, trademarks and patents
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets	$ 79.5	$ 79.4

XML

Other Intangible Assets and Goodwill (Finite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,153.1	$ 1,149.3
Accumulated amortization	(1,121.9)	(1,108.2)
Total estimated future amortization expense	31.2	41.1
Acquired and reacquired rights
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	962.0	957.6
Accumulated amortization	(962.0)	(957.6)
Total estimated future amortization expense	0.0	0.0
Acquired trade secrets and processes
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	27.6	27.6
Accumulated amortization	(27.6)	(27.6)
Total estimated future amortization expense	0.0	0.0
Trade names, trademarks and patents
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	130.3	131.0
Accumulated amortization	(100.6)	(91.9)
Total estimated future amortization expense	29.7	39.1
Licensing agreements
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	12.9	13.0
Accumulated amortization	(11.4)	(11.0)
Total estimated future amortization expense	1.5	2.0
Other finite-lived intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	20.3	20.1
Accumulated amortization	(20.3)	(20.1)
Total estimated future amortization expense	$ 0.0	$ 0.0

XML

Other Intangible Assets and Goodwill (Estimated Future Amortization Expense) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024 (excluding the two quarters ended March 31, 2024)	$ 9.9
2025	14.0
2026	2.1
2027	1.8
2028	1.2
Thereafter	2.2
Total estimated future amortization expense	$ 31.2	$ 41.1

XML

Intangible Assets, Goodwill and Other (Changes in Carrying Amount of Goodwill by Reportable Operating Segment) (Details) $ in Millions	6 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 3,218.3
Other	11.0	[1]
Goodwill, ending balance	3,229.3
North America [Member]
Goodwill [Line Items]
Goodwill, beginning balance	491.5
Other	(0.1)	[1]
Goodwill, ending balance	491.4
International [Member]
Goodwill [Line Items]
Goodwill, beginning balance	2,691.1
Other	11.1	[1]
Goodwill, ending balance	2,702.2
Channel Development [Member]
Goodwill [Line Items]
Goodwill, beginning balance	34.7
Other	0.0	[1]
Goodwill, ending balance	34.7
Corporate and Other [Member]
Goodwill [Line Items]
Goodwill, beginning balance	1.0
Other	0.0	[1]
Goodwill, ending balance	$ 1.0

[1] “Other” consists of changes in the goodwill balance resulting from foreign currency translation.

XML

Debt (Narrative) (Details) ¥ in Millions, $ in Millions				3 Months Ended	6 Months Ended
	Sep. 16, 2026	Mar. 27, 2025	Dec. 30, 2024	Jul. 02, 2023	Mar. 31, 2024 USD ($)	Mar. 31, 2024 JPY (¥)	Oct. 01, 2023 USD ($)	Oct. 01, 2023 JPY (¥)
Debt Instrument [Line Items]
Short-term debt					$ 42.1		$ 33.5
twothousandtwentyonecreditfacility | Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					3,000.0
Line of Credit Facility, Expiration Date	Sep. 16, 2026
Maximum Increase In Commitment Amount Allowable Under Credit Facility					1,000.0
Amount Of Credit Facility Available For Issuances Of Letters Of credit					150.0
twothousandtwentyonecreditfacility | Base Rate [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				0.50%
twothousandtwentyonecreditfacility | Term SOFR Adjustment | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				0.10%
twothousandtwentyonecreditfacility | Term SOFR | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.00%
Commercial paper
Debt Instrument [Line Items]
Maximum allowable amount under Commercial Paper Program					$ 3,000.0
Short-term debt							0.0
Commercial paper | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Term					397 days
Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding					$ 0.0		0.0
Line of Credit [Member] | 5 billion Yen Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 33.0
Line of Credit Facility, Expiration Date			Dec. 30, 2024
Line of Credit [Member] | 5 billion Yen Credit Facility [Member] | Japan, Yen
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity | ¥						¥ 5,000.0
Line of Credit [Member] | 5 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					0.40%
Line of Credit [Member] | 10 billion Yen Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 66.1
Line of Credit Facility, Expiration Date		Mar. 27, 2025
Line of Credit [Member] | 10 billion Yen Credit Facility [Member] | Japan, Yen
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity | ¥						10,000.0
Line of Credit [Member] | 10 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					0.30%
Line of Credit [Member] | 5 billion and 10 billion Yen Credit Facility [Member]
Debt Instrument [Line Items]
Short-term debt					$ 33.0		$ 33.5
Line of Credit [Member] | 5 billion and 10 billion Yen Credit Facility [Member] | Japan, Yen
Debt Instrument [Line Items]
Short-term debt | ¥						¥ 5,000.0		¥ 5,000.0

XML

(Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Oct. 01, 2023
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 15,700.0	$ 15,519.3
Long-term Debt, Fair Value		14,209.9	13,426.2
Debt Instrument, Unamortized (Discount) Premium and Debt Issuance Costs, Net		(121.1)	(113.1)
Hedging Liabilities, Noncurrent	[1]	(31.4)	(40.0)
Long-term Debt		15,547.5	15,366.2
2013 10-Year Three Point Eight Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	[1]	$ 0.0	750.0
Stated Interest Rate	[1]	3.85%
Debt Instrument, Interest Rate, Effective Percentage	[1],[2]	2.859%
2013 10-Year Three Point Eight Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	[1]	$ 0.0	749.9
2022 2-Year FloatingrateSeniorNotes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	[3]	$ 0.0	500.0
Stated Interest Rate	[3]	5.848%
Debt Instrument, Interest Rate, Effective Percentage	[2],[3]	6.079%
Debt Instrument, Basis Spread on Variable Rate		0.42%
2022 2-Year FloatingrateSeniorNotes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	[3]	$ 0.0	504.2
2017 7-Year PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	[4]	$ 0.0	569.3
Stated Interest Rate	[4]	0.372%
Debt Instrument, Interest Rate, Effective Percentage	[2],[4]	0.462%
2017 7-Year PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	[4]	$ 0.0	569.3
2018 7-Year Three Point Eight Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,250.0	1,250.0
Stated Interest Rate		3.80%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.721%
2018 7-Year Three Point Eight Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 1,225.4	1,210.5
2023 3-Year Four Point Seven Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,000.0	1,000.0
Stated Interest Rate		4.75%
Debt Instrument, Interest Rate, Effective Percentage	[2]	4.788%
2023 3-Year Four Point Seven Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 994.3	985.5
2016 10-Year Two Point Four Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500.0	500.0
Stated Interest Rate		2.45%
Debt Instrument, Interest Rate, Effective Percentage	[2]	2.511%
2016 10-Year Two Point Four Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 472.5	463.5
2020 7-Year Two Point Zero Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500.0	500.0
Stated Interest Rate		2.00%
Debt Instrument, Interest Rate, Effective Percentage	[2]	2.058%
2020 7-Year Two Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 459.6	446.1
2018 10-Year Three Point Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 600.0	600.0
Stated Interest Rate		3.50%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.529%
2018 10-Year Three Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 570.4	554.7
2018 10-Year Four Point Zero Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 750.0	750.0
Stated Interest Rate		4.00%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.958%
2018 10-Year Four Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 726.8	704.5
2019 10-Year Three Point Five Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	[1]	$ 1,000.0	1,000.0
Stated Interest Rate	[1]	3.55%
Debt Instrument, Interest Rate, Effective Percentage	[1],[2]	3.84%
Portion of Debt Instrument designated in fair value hedge		$ 350.0
2019 10-Year Three Point Five Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	[1]	942.6	904.1
2020 10-Year Two Point Two Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 750.0	750.0
Stated Interest Rate		2.25%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.084%
2020 10-Year Two Point Two Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 646.4	615.1
2020 10-Year Two Point Five Five Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,250.0	1,250.0
Stated Interest Rate		2.55%
Debt Instrument, Interest Rate, Effective Percentage	[2]	2.582%
2020 10-Year Two Point Five Five Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 1,083.6	1,027.1
2022 10-Year Three Percent Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,000.0	1,000.0
Stated Interest Rate		3.00%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.155%
2022 10-Year Three Percent Senior Notes | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 874.8	828.0
2023 10-Year Four Point Eight Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500.0	500.0
Stated Interest Rate		4.80%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.798%
2023 10-Year Four Point Eight Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 495.0	470.7
2015 30-Year Four Point Three Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 350.0	350.0
Stated Interest Rate		4.30%
Debt Instrument, Interest Rate, Effective Percentage	[2]	4.348%
2015 30-Year Four Point Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 303.7	275.3
2017 30-Year Three Point Seven Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500.0	500.0
Stated Interest Rate		3.75%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.765%
2017 30-Year Three Point Seven Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 393.7	354.0
2018 30-Year Four Point Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,000.0	1,000.0
Stated Interest Rate		4.50%
Debt Instrument, Interest Rate, Effective Percentage	[2]	4.504%
2018 30-Year Four Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 878.0	799.0
2019 30-Year Four Point Four Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,000.0	1,000.0
Stated Interest Rate		4.45%
Debt Instrument, Interest Rate, Effective Percentage	[2]	4.447%
2019 30-Year Four Point Four Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 869.5	792.7
2020 30-Year Three Point Three Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500.0	500.0
Stated Interest Rate		3.35%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.362%
2020 30-Year Three Point Three Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 355.8	328.6
2020 30-Year Three Point Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,250.0	1,250.0
Stated Interest Rate		3.50%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.528%
2020 30-Year Three Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 925.9	843.4
2024 7-Year Four Point Nine Percentage Senior Note
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500.0	0.0
Stated Interest Rate		4.90%
Debt Instrument, Interest Rate, Effective Percentage		5.046%
2024 7-Year Four Point Nine Percentage Senior Note | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 497.4	0.0
2024 3-Year Four Point Eight Five Percentage Senior Note
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,000.0	0.0
Stated Interest Rate		4.85%
Debt Instrument, Interest Rate, Effective Percentage		4.958%
2024 3-Year Four Point Eight Five Percentage Senior Note | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 998.0	0.0
2024 3-Year Five Percentage Senior Note
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500.0	0.0
Stated Interest Rate		5.00%
Debt Instrument, Interest Rate, Effective Percentage		5.127%
2024 3-Year Five Percentage Senior Note | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 496.5	$ 0.0

[1] Amount includes the change in fair value due to changes in benchmark interest rates related to hedging our October 2023 notes and $350.0 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap agreements designated as fair value hedges.

[2] Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.

[3] Floating rate notes that bear interest at a rate equal to Compounded SOFR (as defined in the February 2024 notes) plus 0.420%, resulting in a stated interest rate of 5.848% at maturity on February 14, 2024.

[4] Japanese yen-denominated long-term debt.

XML

Debt (Summary of long-term debt maturities) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Oct. 01, 2023
Long-term Debt [Line Items]
2024	$ 0.0
2025	1,250.0
2026	1,500.0
2027	1,500.0
2028	600.0
Thereafter	10,850.0
Total	$ 15,700.0	$ 15,519.3

XML

Leases - Narrative (Details) $ in Millions	Mar. 31, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, amount	$ 1,600.0
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, term of contract	2 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, term of contract	20 years

XML

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Lessee, Lease, Description [Line Items]
Operating lease costs	[1]	$ 424.1	$ 401.7	$ 841.5	$ 786.5
Variable lease costs		271.7	253.9	543.6	489.2
Short-term lease costs		7.2	7.0	14.9	14.0
Total lease costs		$ 703.0	$ 662.6	$ 1,400.0	$ 1,289.7

[1] Includes immaterial amounts of sublease income and rent concessions.

XML

Leases - Schedule Supplemental Disclosures (Details) - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Lessee, Lease, Description [Line Items]
Cash paid related to operating lease liabilities	$ 778.8	$ 819.0
Operating lease liabilities arising from obtaining right-of-use assets	$ 980.5	$ 828.0
Weighted-average remaining operating lease term	8 years 7 months 6 days	8 years 6 months
Weighted-average operating lease discount rate	3.20%	2.90%

XML

Leases - Schedule of Maturity of Operating Lease Payments (Details) $ in Millions	Mar. 31, 2024 USD ($)
Leases [Abstract]
2024 (excluding the two quarters ended March 31, 2024)	$ 861.1
2025	1,658.0
2026	1,515.8
2027	1,338.7
2028	1,139.4
Thereafter	4,589.9
Total lease payments	11,102.9
Less imputed interest	(1,515.9)
Total	$ 9,587.0

XML

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023	Oct. 01, 2023
Stored value card liability and current portion of deferred revenue	$ 1,872.0		$ 1,872.0		$ 1,700.2
Deferred revenue	6,058.4		6,058.4		6,101.8
Deferred Revenue, Revenue Recognized	44.1	$ 44.1	88.2	$ 88.2
Nestle Global Coffee Alliance [Member]
Stored value card liability and current portion of deferred revenue	177.0		177.0		177.0
Deferred revenue	$ 5,900.0		$ 5,900.0		$ 6,000.0

XML

Revenue from Contract with Customer (Details) - USD ($)		3 Months Ended		6 Months Ended
		Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023	Oct. 01, 2023
Deferred Revenue Table [Line Items]
Stored value card liability and current portion of deferred revenue		$ 1,872,000,000		$ 1,872,000,000		$ 1,700,200,000
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]
Deferred Revenue Table [Line Items]
Deferred Revenue		2,169,700,000	$ 2,025,600,000	1,567,500,000	$ 1,503,000,000
Deferred Revenue, Additions		3,456,500,000	3,416,000,000	8,143,700,000	7,639,400,000
Deferred Revenue, Revenue Recognized, Including Opening Balance Sheet Amounts		3,792,400,000	3,778,400,000	7,890,800,000	7,492,500,000
Deferred Revenue, Other	[1]	(14,900,000)	1,300,000	(1,500,000)	14,600,000
Deferred Revenue	[2]	1,818,900,000	1,664,500,000	1,818,900,000	1,664,500,000
Stored value card liability and current portion of deferred revenue		$ 1,700,000,000	$ 1,600,000,000	$ 1,700,000,000	$ 1,600,000,000

[1] “Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.

[2] As of March 31, 2024 and April 2, 2023, approximately $1.7 billion and $1.6 billion, respectively, of these amounts were current.

XML

Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Apr. 02, 2023
Equity, Class of Treasury Stock [Line Items]
Authorized shares of common stock	2,400,000,000	2,400,000,000
Par value of common stock	$ 0.001	$ 0.001
Authorized shares of preferred stock	7,500,000	7,500,000
Outstanding shares of preferred stock	0	0
Shares available for repurchase	29,800,000	29,800,000
Common Stock, Dividends, Per Share, Declared	$ 0.57
Open Market [Member]
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased		12,800,000	4,900,000
Total cost of common stock repurchased		$ 1,250.1	$ 495.3

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Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023	Dec. 31, 2023	Oct. 01, 2023	Jan. 01, 2023	Oct. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (8,442.2)	$ (8,499.4)	$ (8,442.2)	$ (8,499.4)	$ (8,608.9)	$ (7,987.8)	$ (8,665.9)	$ (8,698.7)
Net gains/(losses) in AOCI, beginning of period			(778.2)
Other comprehensive income	(63.7)	17.3	156.7	(58.4)
Net gains/(losses) in AOCI, end of period	(621.5)		(621.5)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		(10.9)		(10.9)	(7.9)	(12.3)	(13.9)	(15.5)
Net gains/(losses) recognized in OCI before reclassifications	(0.3)	2.8	3.9	4.3
Net (gains)/losses reclassified from AOCI to earnings	0.3	0.2	0.5	0.3
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	0.0	3.0	4.4	4.6
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		(88.1)		(88.1)	15.7	(47.5)	(34.9)	199.0
Net gains/(losses) recognized in OCI before reclassifications	27.1	(1.1)	60.7	(152.3)
Net (gains)/losses reclassified from AOCI to earnings	(2.2)	(52.1)	27.4	(134.8)
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	24.9	(53.2)	88.1	(287.1)
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		149.6		149.6	217.7	243.3	156.8	209.1
Net gains/(losses) recognized in OCI before reclassifications	69.2	(2.0)	50.3	(50.3)
Net (gains)/losses reclassified from AOCI to earnings	(7.7)	(5.2)	(14.4)	(9.2)
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	61.5	(7.2)	35.9	(59.5)
Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		(572.2)		(572.2)	(783.3)	(961.7)	(646.9)	(855.8)
Net gains/(losses) recognized in OCI before reclassifications	(150.0)	74.7	28.2	283.6
Net (gains)/losses reclassified from AOCI to earnings	0.0	0.0	0.0	0.0
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	(150.0)	74.7	28.2	283.6
Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(8,449.4)	(8,506.9)	(8,449.4)	(8,506.9)	(8,616.0)	(7,994.8)	(8,673.8)	(8,706.6)
Other comprehensive income	(63.6)	17.3	156.6	(58.4)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(621.5)	(521.6)	(621.5)	(521.6)	$ (557.8)	$ (778.2)	$ (538.9)	$ (463.2)
Net gains/(losses) recognized in OCI before reclassifications	(54.0)	74.4	143.1	85.3
Net (gains)/losses reclassified from AOCI to earnings	(9.6)	(57.1)	13.5	(143.7)
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	(63.6)	17.3	156.6	(58.4)
Other comprehensive income	(63.6)	$ 17.3	156.6	$ (58.4)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	0.0		0.0
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Including Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(7.9)		(7.9)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	0.0		0.0
Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	40.6		40.6
Accumulated Net Investment Hedge Gain (Loss) Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	0.0		0.0
AOCI, Accumulated Net Investment Hedge Gain (Loss) Including Portion Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	279.2		279.2
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(0.1)		0.1
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(933.4)		(933.4)
AOCI Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(0.1)		0.1
AOCI Including Portion Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (621.5)		$ (621.5)

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Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest income and other, net	$ 34.1	$ 18.4	$ 67.9	$ 30.0
Amounts Reclassified from AOCI, Interest expense	140.6	136.3	280.7	266.0
Amounts Reclassified from AOCI, Tax (expense)/benefit	219.9	301.3	574.6	581.1
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Total before tax	13.6	66.6	11.3	(165.0)
Amounts Reclassified from AOCI, Tax (expense)/benefit	(4.0)	(9.5)	2.2	21.3
Amounts Reclassified from AOCI, Net of tax	9.6	57.1	13.5	(143.7)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Net of tax	(0.3)	(0.2)	(0.5)	(0.3)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest income and other, net	(0.4)	(0.3)	(0.7)	(0.4)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Net of tax	2.2	52.1	(27.4)	134.8
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Total before tax	3.8	59.9	29.7	(153.1)
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Net of tax	7.7	5.2	14.4	9.2
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest expense	$ 10.2	$ 7.0	$ (19.1)	$ (12.3)

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Employee Stock Plans (Narrative) (Details) shares in Millions	Mar. 31, 2024 shares
Stock Options and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP	84.9
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP	10.0

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Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 78.2	$ 74.1	$ 173.0	$ 159.3
Stock Options [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	(0.1)	0.0	(0.2)	0.1
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 78.3	$ 74.1	$ 173.2	$ 159.2

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Employee Stock Plans (Stock Option and RSU Transactions) (Details) - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Mar. 31, 2024	Oct. 01, 2023
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Stock Options	0.0
Options exercised, Stock Options	(0.6)
Forfeited/expired, Stock Options	0.0
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options	$ 0.0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	1.4	2.0
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, RSUs	4.1
RSUs vested, RSUs	(2.9)
Forfeited/expired, RSUs	(0.4)
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs	$ 314.1
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	8.1	7.3

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Earnings Per Share (Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Earnings Per Share [Abstract]
Net earnings attributable to Starbucks	$ 772.4	$ 908.3	$ 1,796.8	$ 1,763.6
Weighted average common shares outstanding (for basic calculation)	1,132.4	1,148.5	1,134.5	1,148.4
Dilutive effect of outstanding common stock options and RSUs	3.0	4.2	3.5	4.4
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,135.4	1,152.7	1,138.0	1,152.8
EPS — basic	$ 0.68	$ 0.79	$ 1.58	$ 1.54
EPS — diluted	$ 0.68	$ 0.79	$ 1.58	$ 1.53

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Segment Reporting (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Segment Reporting Information [Line Items]
Segment Reporting, Factors Used to Identify Entity's Reportable Segments			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.
Income (Loss) from Equity Method Investments	$ 68.0	$ 51.4	$ 123.8	$ 109.2
Operating Segments [Member] | Channel Development [Member]
Segment Reporting Information [Line Items]
Income (Loss) from Equity Method Investments	67.8	50.6	123.5	108.0
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Income (Loss) from Equity Method Investments	$ 0.0	$ 0.0	$ 0.0	$ 0.0

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Segment Reporting (Revenue from External Customers by Products and Services) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Segment Reporting Information [Line Items]
Total net revenues		$ 8,563.0	$ 8,719.8	$ 17,988.3	$ 17,433.8
Beverage Member
Segment Reporting Information [Line Items]
Total net revenues	[1]	5,160.6	5,226.9	10,856.4	10,401.4
Food Member
Segment Reporting Information [Line Items]
Total net revenues	[2]	1,583.0	1,590.9	3,339.9	3,157.0
Other Products Member
Segment Reporting Information [Line Items]
Total net revenues	[3]	$ 1,819.4	$ 1,902.0	$ 3,792.0	$ 3,875.4
Revenue Benchmark [Member] | Product type
Segment Reporting Information [Line Items]
Concentration Risk, Percentage		100.00%	100.00%	100.00%	100.00%
Revenue Benchmark [Member] | Beverage Member | Product type
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	[1]	60.00%	60.00%	60.00%	60.00%
Revenue Benchmark [Member] | Food Member | Product type
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	[2]	18.00%	18.00%	19.00%	18.00%
Revenue Benchmark [Member] | Other Products Member | Product type
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	[3]	22.00%	22.00%	21.00%	22.00%

[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.

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Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Mar. 31, 2024	Apr. 02, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	$ 8,563.0	$ 8,719.8	$ 17,988.3	$ 17,433.8
Depreciation and amortization expenses	371.9	341.9	737.2	669.0
Income (Loss) from Equity Method Investments	68.0	51.4	123.8	109.2
Operating income/(loss)	1,098.9	1,327.5	2,584.3	2,580.7
North America [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	6,380.0	6,380.6	13,500.7	12,931.8
Depreciation and amortization expenses	257.1	226.3	507.5	443.1
Income (Loss) from Equity Method Investments	0.0	0.0	0.0	0.0
Operating income/(loss)	1,148.3	1,217.9	2,669.1	2,430.4
International [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	1,757.3	1,854.8	3,603.6	3,534.9
Depreciation and amortization expenses	84.3	86.3	168.3	167.7
Income (Loss) from Equity Method Investments	0.2	0.8	0.3	1.2
Operating income/(loss)	233.8	314.7	475.3	555.1
Channel Development [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	418.2	480.7	866.2	958.9
Depreciation and amortization expenses	0.0	0.0	0.0	0.1
Income (Loss) from Equity Method Investments	67.8	50.6	123.5	108.0
Operating income/(loss)	216.3	262.1	426.0	488.4
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	7.5	3.7	17.8	8.2
Depreciation and amortization expenses	30.5	29.3	61.4	58.1
Income (Loss) from Equity Method Investments	0.0	0.0	0.0	0.0
Operating income/(loss)	$ (499.5)	$ (467.2)	$ (986.1)	$ (893.2)