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 swaps	1.7		(1.4)		—		56
Foreign currency - other	26.8		12.9		13.8		36
Coffee	(2.0)		(1.0)		0.2		21
Dairy	(3.8)		—		(3.8)		8
Net Investment Hedges:
Foreign currency	16.0		16.0		—		0
Cross-currency swaps	45.9		—		—		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 swaps	2.9		5.4		(0.4)		(0.1)		Interest expense
					0.2		1.4		Interest income and other, net
Foreign currency - other	26.8		(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 swaps	9.1		(2.6)		(0.6)		(0.5)		Interest expense
					5.8		(9.9)		Interest income and other, net
Foreign currency - other	22.1		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 debt	12.6		(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 Ended				Two Quarters Ended
		Mar 29, 2020		Mar 31, 2019		Mar 29, 2020		Mar 31, 2019
Non-Designated Derivatives:
Foreign currency - other	Interest income and other, net	$	4.9	$	0.5	$	8.3	$	(7.4)
Dairy	Interest income and other, net	—		(0.1)		—		(2.2)
Diesel fuel and other commodities	Interest income and other, net	(8.9)		1.9		(8.0)		(4.7)
Fair Value Hedges:
Interest rate swap	Interest 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, 2020		Sep 29, 2019
Interest rate swap	$	1,750	$	1,500
Cross-currency swaps	1,004		341
Foreign currency - other	1,120		1,125
Coffee	96		52
Dairy	49		1
Diesel fuel and other commodities	24		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 Location	Mar 29, 2020		Sep 29, 2019
Designated Derivative Instruments:
Interest rates	Other long-term assets	$	—	$	0.1
Cross-currency swaps	Other long-term assets	67.6		0.2
Foreign currency - other	Prepaid expenses and other current assets	22.7		11.4
	Other long-term assets	16.7		7.8
Coffee	Prepaid expenses and other current assets	1.0		—
Dairy	Prepaid expenses and other current assets	1.3		—
Interest rate swap	Other long-term assets	42.5		18.2
Non-designated Derivative Instruments:
Foreign currency	Prepaid expenses and other current assets	5.1		1.0
Diesel fuel and other commodities	Prepaid expenses and other current assets	—		0.2
		Derivative Liabilities
	Balance Sheet Location	Mar 29, 2020		Sep 29, 2019
Designated Derivative Instruments:
Interest rates	Other long-term liabilities	$	67.0	$	2.6
Cross-currency swaps	Other long-term liabilities	6.0		9.7
Foreign currency - other	Accrued liabilities	0.1		0.6
	Other long-term liabilities	0.4		0.1
Coffee	Accrued liabilities	4.5		1.0
	Other long-term liabilities	0.1		0.1
Dairy	Accrued liabilities	6.9		—
Non-designated Derivative Instruments:
Foreign currency	Accrued liabilities	3.4		3.0
Diesel fuel and other commodities	Accrued liabilities	7.4		1.1