Inventories (in millions)



	Jul 1, 2012		Oct 2, 2011		Jul 3, 2011
Coffee:
Unroasted	$	749.1	$	431.3	$	423.3
Roasted	225.8		246.5		190.5
Other merchandise held for sale	133.4		150.8		116.0
Packaging and other supplies	140.9		137.2		126.9
Total	$	1,249.2	$	965.8	$	856.7

Inventory levels vary due to seasonality, commodity market supply and price fluctuations. Also contributing to the increase in inventory over the prior year period was the growth of our Channel Development business.

As of July 1, 2012, we had committed to purchasing green coffee totaling $463 million under fixed-price contracts and an estimated $384 million under price-to-be-fixed contracts. As of July 1, 2012, approximately $183 million of our price-to-be-fixed contracts were effectively fixed through the use of futures contracts. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date at which the base “C” coffee commodity price component will be fixed has not yet been established. For these types of contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past, the risk of non-delivery on these purchase commitments is remote.