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Derivative Financial Instruments (Tables)
6 Months Ended
Mar. 29, 2020
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 29,
2020
Sep 29,
2019
Cash Flow Hedges:
Interest rates$(87.5) $0.5  $3.1  151
Cross-currency swaps1.7  (1.4) —  56
Foreign currency - other26.8  12.9  13.8  36
Coffee(2.0) (1.0) 0.2  21
Dairy (3.8) —  (3.8) 8
Net Investment Hedges:
Foreign currency16.0  16.0  —  0
Cross-currency swaps45.9  —  —  114
Foreign currency debt(14.1) (26.1) —  48
Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):
Quarter Ended
Gains/(Losses)
Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Location of gain/(loss)
Mar 29,
2020
Mar 31,
2019
Mar 29,
2020
Mar 31,
2019
Cash Flow Hedges:
Interest rates$(140.6) $(14.9) $0.5  $1.4  Interest expense  
Cross-currency swaps2.9  5.4  (0.4) (0.1) Interest expense  
0.2  1.4  Interest income and other, net  
Foreign currency - other26.8  (2.9) 0.9  1.3  Licensed stores revenues  
(1.0) 1.7  Cost of sales  
2.0  —  
Interest income and other, net (1)
Coffee(12.1) —  —  (0.1) Cost of sales  
Dairy(4.9) —  0.7  —  Cost of sales
(0.6) —  
Interest income and other, net(1)
Net Investment Hedges:
Cross-currency swaps 58.0  —  3.9  —  Interest expense   
Foreign currency debt(0.4) 2.9  —  —  
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the quarter ended March 29, 2020.
Two Quarters Ended
Gains/(Losses)
Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Location of gain/(loss)
Mar 29,
2020
Mar 31,
2019
Mar 29,
2020
Mar 31,
2019
Cash Flow Hedges:
Interest rates$(120.6) $(30.6) $1.3  $2.8  Interest expense  
Cross-currency swaps9.1  (2.6) (0.6) (0.5) Interest expense  
5.8  (9.9) Interest income and other, net  
Foreign currency - other22.1  11.7  2.6  2.7  Licensed stores revenues  
(1.3) 2.2  Cost of sales  
2.0  —  
Interest income and other, net (1)
Coffee(1.1) —  —  (0.3) Cost of sales  
Dairy(5.0) —  0.7  —  Cost of sales
(0.6) —  
Interest income and other, net(1)
Net Investment Hedges:
Cross-currency swaps 68.7  —  7.2  —  Interest expense
Foreign currency debt12.6  (19.0) —  —  
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the quarter ended March 29, 2020.
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 EndedTwo Quarters Ended
 Mar 29, 2020Mar 31, 2019Mar 29, 2020Mar 31, 2019
Non-Designated Derivatives:
Foreign currency - otherInterest income and other, net  $4.9  $0.5  $8.3  $(7.4) 
DairyInterest income and other, net  —  (0.1) —  (2.2) 
Diesel fuel and other commoditiesInterest income and other, net  (8.9) 1.9  (8.0) (4.7) 
Fair Value Hedges:
Interest rate swapInterest expense  35.2  10.1  24.3  26.2  
Long-term debt (hedged item)Interest expense  (27.5) (11.6) (23.3) (28.5) 
Notional Amounts of Outstanding Derivative Contracts
Notional amounts of outstanding derivative contracts (in millions):
Mar 29, 2020Sep 29, 2019
Interest rate swap$1,750  $1,500  
Cross-currency swaps1,004  341  
Foreign currency - other 1,120  1,125  
Coffee96  52  
Dairy49  1  
Diesel fuel and other commodities24  17  
Fair Value of Outstanding Derivative Contracts
Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:
Derivative Assets
Balance Sheet LocationMar 29, 2020Sep 29, 2019
Designated Derivative Instruments:
Interest ratesOther long-term assets$—  $0.1  
Cross-currency swapsOther long-term assets67.6  0.2  
Foreign currency - otherPrepaid expenses and other current assets  22.7  11.4  
Other long-term assets16.7  7.8  
CoffeePrepaid expenses and other current assets1.0  —  
DairyPrepaid expenses and other current assets   1.3  —  
Interest rate swapOther long-term assets  42.5  18.2  
Non-designated Derivative Instruments:
Foreign currencyPrepaid expenses and other current assets  5.1  1.0  
Diesel fuel and other commoditiesPrepaid expenses and other current assets  —  0.2  
Derivative Liabilities
Balance Sheet LocationMar 29, 2020Sep 29, 2019
Designated Derivative Instruments:
Interest ratesOther long-term liabilities$67.0  $2.6  
Cross-currency swapsOther long-term liabilities  6.0  9.7  
Foreign currency - otherAccrued liabilities  0.1  0.6  
Other long-term liabilities  0.4  0.1  
CoffeeAccrued liabilities  4.5  1.0  
Other long-term liabilities  0.1  0.1  
DairyAccrued liabilities6.9  —  
Non-designated Derivative Instruments:
Foreign currencyAccrued liabilities  3.4  3.0  
Diesel fuel and other commoditiesAccrued liabilities  7.4  1.1