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