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 April 2, 2023

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)

(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 26, 2023

1,146.4 million

Table of Contents

STARBUCKS CORPORATION

FORM 10-Q

For the Quarterly Period Ended April 2, 2023

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	27
Item 3	Quantitative and Qualitative Disclosures About Market Risk	40
Item 4	Controls and Procedures	40
PART II. OTHER INFORMATION
Item 1	Legal Proceedings	41
Item 1A	Risk Factors	41
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	41
Item 3	Defaults Upon Senior Securities	41
Item 4	Mine Safety Disclosures	41
Item 5	Other Information	41
Item 6	Exhibits	42
Signatures		43

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
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Net revenues:
Company-operated stores	$	7,142.3	$	6,276.7	$	14,225.7	$	12,999.1
Licensed stores	1,069.5		849.5		2,189.0		1,700.3
Other	508.0		509.4		1,019.1		986.6
Total net revenues	8,719.8		7,635.6		17,433.8		15,686.0
Product and distribution costs	2,801.7		2,465.8		5,611.9		4,992.7
Store operating expenses	3,636.0		3,314.7		7,301.3		6,714.6
Other operating expenses	126.2		101.7		255.4		203.4
Depreciation and amortization expenses	341.9		367.7		669.0		733.8
General and administrative expenses	620.4		481.5		1,201.3		1,007.3
Restructuring and impairments	8.8		4.4		14.7		(3.1)
Total operating expenses	7,535.0		6,735.8		15,053.6		13,648.7
Income from equity investees	51.4		49.1		109.2		89.4
Gain from sale of assets	91.3		—		91.3		—
Operating income	1,327.5		948.9		2,580.7		2,126.7
Interest income and other, net	18.4		46.3		30.0		46.2
Interest expense	(136.3)		(119.1)		(266.0)		(234.4)
Earnings before income taxes	1,209.6		876.1		2,344.7		1,938.5
Income tax expense	301.3		201.1		581.1		447.4
Net earnings including noncontrolling interests	908.3		675.0		1,763.6		1,491.1
Net earnings attributable to noncontrolling interests	0.0		0.5		0.0		0.7
Net earnings attributable to Starbucks	$	908.3	$	674.5	$	1,763.6	$	1,490.4
Earnings per share - basic	$	0.79	$	0.59	$	1.54	$	1.29
Earnings per share - diluted	$	0.79	$	0.58	$	1.53	$	1.28
Weighted average shares outstanding:
Basic	1,148.5		1,149.2		1,148.4		1,159.4
Diluted	1,152.7		1,153.9		1,152.8		1,165.2

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
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Net earnings including noncontrolling interests	$	908.3	$	675.0	$	1,763.6	$	1,491.1
Other comprehensive income/(loss), net of tax:
Unrealized holding gains/(losses) on available-for-sale debt securities	3.6		(10.5)		5.6		(13.9)
Tax (expense)/benefit	(0.8)		2.6		(1.3)		3.4
Unrealized gains/(losses) on cash flow hedging instruments	(1.2)		67.1		(181.9)		155.8
Tax (expense)/benefit	0.1		(14.2)		29.6		(26.0)
Unrealized gains/(losses) on net investment hedging instruments	(2.7)		38.1		(67.3)		79.6
Tax (expense)/benefit	0.7		(9.6)		17.0		(20.1)
Translation adjustment and other	74.7		(38.5)		283.6		(24.3)
Tax (expense)/benefit	—		—		—		—
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale debt securities, hedging instruments, and translation adjustment	(66.6)		(34.2)		(165.0)		(50.3)
Tax expense/(benefit)	9.5		6.0		21.3		8.9
Other comprehensive income/(loss)	17.3		6.8		(58.4)		113.1
Comprehensive income including noncontrolling interests	925.6		681.8		1,705.2		1,604.2
Comprehensive income attributable to noncontrolling interests	—		0.5		—		0.7
Comprehensive income attributable to Starbucks	$	925.6	$	681.3	$	1,705.2	$	1,603.5

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED BALANCE SHEETS

(in millions, except per share data)

(unaudited)

	Apr 2, 2023		Oct 2, 2022
ASSETS
Current assets:
Cash and cash equivalents	$	3,071.8	$	2,818.4
Short-term investments	379.4		364.5
Accounts receivable, net	1,185.8		1,175.5
Inventories	2,000.6		2,176.6
Prepaid expenses and other current assets	408.6		483.7
Total current assets	7,046.2		7,018.7
Long-term investments	251.2		279.1
Equity investments	360.5		311.2
Property, plant and equipment, net	6,818.6		6,560.5
Operating lease, right-of-use asset	8,251.6		8,015.6
Deferred income taxes, net	1,811.1		1,799.7
Other long-term assets	526.7		554.2
Other intangible assets	130.8		155.9
Goodwill	3,412.3		3,283.5
TOTAL ASSETS	$	28,609.0	$	27,978.4
LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT)
Current liabilities:
Accounts payable	$	1,434.0	$	1,441.4
Accrued liabilities	1,970.0		2,137.1
Accrued payroll and benefits	710.9		761.7
Current portion of operating lease liability	1,269.5		1,245.7
Stored value card liability and current portion of deferred revenue	1,795.9		1,641.9
Short-term debt	52.8		175.0
Current portion of long-term debt	1,888.7		1,749.0
Total current liabilities	9,121.8		9,151.8
Long-term debt	13,544.8		13,119.9
Operating lease liability	7,753.5		7,515.2
Deferred revenue	6,200.2		6,279.7
Other long-term liabilities	488.1		610.5
Total liabilities	37,108.4		36,677.1
Shareholders' deficit:
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,147.0 and 1,147.9 shares, respectively	1.1		1.1
Additional paid-in capital	38.2		205.3
Retained deficit	(8,024.6)		(8,449.8)
Accumulated other comprehensive income/(loss)	(521.6)		(463.2)
Total shareholders’ deficit	(8,506.9)		(8,706.6)
Noncontrolling interests	7.5		7.9
Total deficit	(8,499.4)		(8,698.7)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT)	$	28,609.0	$	27,978.4

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions, unaudited)

	Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$	1,763.6	$	1,491.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	709.3		777.7
Deferred income taxes, net	2.6		28.4
Income earned from equity method investees	(109.9)		(118.7)
Distributions received from equity method investees	88.0		100.8
Gain on sale of assets	(91.3)		—
Stock-based compensation	159.3		149.2
Non-cash lease costs	584.7		670.7
Loss on retirement and impairment of assets	75.6		77.3
Other	22.6		(17.9)
Cash provided by/(used in) changes in operating assets and liabilities:
Accounts receivable	26.2		(62.1)
Inventories	194.6		(324.9)
Accounts payable	(51.2)		133.0
Deferred revenue	54.0		110.2
Operating lease liability	(621.8)		(766.3)
Other operating assets and liabilities	(445.5)		(215.7)
Net cash provided by operating activities	2,360.8		2,032.8
INVESTING ACTIVITIES:
Purchases of investments	(247.7)		(67.5)
Sales of investments	1.9		72.6
Maturities and calls of investments	270.0		55.7
Additions to property, plant and equipment	(1,002.0)		(871.9)
Proceeds from sale of assets	110.0		—
Other	(39.2)		(69.8)
Net cash used in investing activities	(907.0)		(880.9)
FINANCING ACTIVITIES:
Net (payments)/proceeds from issuance of commercial paper	(175.0)		—
Net proceeds from issuance of short-term debt	52.8		17.4
Repayments of short-term debt	—		(12.6)
Net proceeds from issuance of long-term debt	1,497.8		1,498.1
Repayments of long-term debt	(1,000.0)		—
Proceeds from issuance of common stock	129.8		56.3
Cash dividends paid	(1,217.4)		(1,139.2)
Repurchase of common stock	(479.3)		(3,997.5)
Minimum tax withholdings on share-based awards	(81.4)		(122.1)
Other	(10.7)		(9.2)
Net cash provided by/(used in) financing activities	(1,283.4)		(3,708.8)
Effect of exchange rate changes on cash and cash equivalents	83.0		14.6
Net increase/(decrease) in cash and cash equivalents	253.4		(2,542.3)
CASH AND CASH EQUIVALENTS:
Beginning of period	2,818.4		6,455.7
End of period	$	3,071.8	$	3,913.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest, net of capitalized interest	$	250.4	$	236.0
Income taxes	$	636.8	$	783.2

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EQUITY

For the Quarter Ended April 2, 2023 and April 3, 2022

(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, 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 loss	—	—		—		—		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)
Balance, January 2, 2022	1,151.6	$	1.2	$	41.1	$	(8,753.0)	$	253.5	$	(8,457.2)	$	6.9	$	(8,450.3)
Net earnings	—	—		—		674.5		—		674.5		0.5		675.0
Other comprehensive income	—	—		—		—		6.8		6.8		—		6.8
Stock-based compensation expense	—	—		54.4		—		—		54.4		—		54.4
Exercise of stock options/vesting of RSUs	0.4	(0.1)		(4.4)		—		—		(4.5)		—		(4.5)
Sale of common stock	0.1	—		11.0		—		—		11.0		—		11.0
Repurchase of common stock	(5.2)	—		(61.0)		(431.1)		—		(492.1)		—		(492.1)
Cash dividends declared, $0.49 per share	—	—		—		(560.9)		—		(560.9)		—		(560.9)
Net distributions to noncontrolling interests	—	—		—		—		—		—		(0.6)		(0.6)
Balance, April 3, 2022	1,146.9	$	1.1	$	41.1	$	(9,070.5)	$	260.3	$	(8,768.0)	$	6.8	$	(8,761.2)

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EQUITY

For the Two Quarters Ended April 2, 2023 and April 3, 2022

(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 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)
Balance, October 3, 2021	1,180.0	$	1.2	$	846.1	$	(6,315.7)	$	147.2	$	(5,321.2)	$	6.7	$	(5,314.5)
Net earnings	—	—		—		1,490.4		—		1,490.4		0.7		1,491.1
Other comprehensive income	—	—		—		—		113.1		113.1		—		113.1
Stock-based compensation expense	—	—		151.5		—		—		151.5		—		151.5
Exercise of stock options/vesting of RSUs	3.0	(0.1)		(88.5)		—		—		(88.6)		—		(88.6)
Sale of common stock	0.2	—		22.8		—		—		22.8		—		22.8
Repurchase of common stock	(36.3)	—		(890.8)		(3,122.2)		—		(4,013.0)		—		(4,013.0)
Cash dividends declared, $0.98 per share	—	—		—		(1,123.0)		—		(1,123.0)		—		(1,123.0)
Net distributions to noncontrolling interests	—	—		—		—		—		—		(0.6)		(0.6)
Balance, April 3, 2022	1,146.9	$	1.1	$	41.1	$	(9,070.5)	$	260.3	$	(8,768.0)	$	6.8	$	(8,761.2)

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	15
Note 5	Inventories	17
Note 6	Supplemental Balance Sheet and Statement of Earnings Information	17
Note 7	Other Intangible Assets and Goodwill	18
Note 8	Debt	19
Note 9	Leases	21
Note 10	Deferred Revenue	22
Note 11	Equity	23
Note 12	Employee Stock Plans	24
Note 13	Earnings per Share	25
Note 14	Commitments and Contingencies	25
Note 15	Segment Reporting	25

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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 April 2, 2023, and for the quarters and two quarters ended April 2, 2023 and April 3, 2022, 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 April 2, 2023 and April 3, 2022 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 2, 2022 is derived from our audited consolidated financial statements and notes for the fiscal year ended October 2, 2022 (“fiscal 2022”) included in Item 8 in the Fiscal 2022 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 April 2, 2023 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 1, 2023 (“fiscal 2023”).

The novel coronavirus, known as the global COVID-19 pandemic, was first identified in December 2019 before spreading to markets where we have company-operated or licensed stores. We have since established the necessary protocols to operate safely, and in many of our markets, our businesses demonstrated powerful momentum beyond recovery from the COVID-19 pandemic. During the quarter ended April 2, 2023, our China market began recovering from pandemic-related business interruptions in previous quarters that had suppressed customer mobility. We continue to monitor the COVID-19 pandemic and its effect on our business and results of operations; however, we cannot predict the duration, scope or severity of the COVID-19 pandemic or its future impact on our business, results of operations, cash flows and financial condition.

Restructuring

In fiscal 2022, we announced our plan in the U.S. market to increase efficiency while elevating the partner and customer experience (the “Reinvention Plan”). We believe the company-operated market investments in partner wages and trainings have increased retention and productivity while the acceleration of purpose-built store concepts and innovations in technologies will provide additional convenience and connection with our customers. As a result of the restructuring efforts in connection with the Reinvention Plan, we recorded an immaterial charge on our consolidated statements of earnings during the quarter and two quarters ended April 2, 2023. Future restructuring and impairment costs attributable to our Reinvention Plan are not expected to be material.

As of April 2, 2023 and October 2, 2022, there were no material restructuring-related accrued liabilities on our consolidated balance sheets.

Recently Adopted Accounting Pronouncements

In the first quarter of fiscal 2022, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance related to reference rate reform. The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2024. The adoption of the new guidance did not have a material impact on our financial statements.

Note 2: Acquisitions, Divestitures and Strategic Alliance

Fiscal 2023

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. Results from Seattle's Best Coffee operations prior to the sale are reported in our Channel Development operating segment.

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Fiscal 2022

In the fourth quarter of fiscal 2022, we sold our Evolution Fresh brand and business to Bolthouse Farms. This transaction did not have a material impact on our consolidated financial statements.

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 and treasury locks, which are synthetic forward sales of U.S. Treasury securities settled in cash based upon the difference between an agreed-upon treasury rate and the prevailing treasury rate at settlement. These agreements are cash settled at 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 intercompany 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.

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, 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)
	Apr 2, 2023		Oct 2, 2022
Cash Flow Hedges:
Coffee	$	(89.8)	$	153.9	$	(87.7)	4
Cross-currency swaps	(1.3)		(1.9)		—		20
Dairy	(3.4)		(2.6)		(3.4)		10
Foreign currency - other	11.7		55.3		11.7		33
Interest rates	(5.3)		(5.8)		0.2		0
Net Investment Hedges:
Cross-currency swaps	46.7		67.3		—		108
Foreign currency	16.1		16.1		—		0
Foreign currency debt	86.8		125.7		—		12

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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)
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Cash Flow Hedges:
Coffee	$	(0.5)	$	24.0	$	59.9	$	17.8	Product and distribution costs
Cross-currency swaps	(2.5)		4.9		(3.0)		(0.8)		Interest expense
					(0.1)		9.4		Interest income and other, net
Dairy	(2.3)		3.4		(3.3)		2.9		Product and distribution costs
Foreign currency - other	3.8		0.7		4.0		2.4		Licensed stores revenue
					2.2		(0.3)		Product and distribution costs
Interest rates	0.3		34.1		0.2		(0.5)		Interest expense
Net Investment Hedges:
Cross-currency swaps	(1.1)		(2.1)		7.0		3.5		Interest expense
Foreign currency debt	(1.6)		40.2		—		—
	Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Cash Flow Hedges:
Coffee	$	(119.9)	$	95.5	$	156.6	$	24.3	Product and distribution costs
Cross-currency swaps	(14.2)		9.4		(5.7)		(1.6)		Interest expense
					(9.2)		16.3		Interest income and other, net
Dairy	(5.9)		8.0		(4.8)		2.5		Product and distribution costs
Foreign currency - other	(42.2)		7.6		11.9		4.5		Licensed stores revenue
					4.4		(1.7)		Product and distribution costs
					0.2		—		Interest income and other, net
Interest rates	0.3		35.3		(0.3)		(0.9)		Interest expense
Net Investment Hedges:
Cross-currency swaps	(15.1)		14.2		12.3		6.9		Interest expense
Foreign currency debt	(52.2)		65.4		—		—

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
		Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	—	$	0.1	$	—	$	0.1
Foreign currency - other	Interest income and other, net	1.6		11.6		(10.0)		21.8
Coffee	Interest income and other, net	—		6.2		(5.5)		9.3
Diesel fuel and other commodities	Interest income and other, net	(1.7)		0.7		(1.9)		0.7
Fair Value Hedges:
Interest rate swap	Interest expense	4.7		(21.3)		3.1		(26.1)
Long-term debt (hedged item)	Interest expense	(12.1)		24.8		(15.4)		33.0

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Notional amounts of outstanding derivative contracts (in millions):

	Apr 2, 2023		Oct 2, 2022
Coffee	$	186	$	649
Cross-currency swaps	1,108		741
Dairy	77		94
Diesel fuel and other commodities	25		33
Foreign currency - other	1,194		1,269
Interest rate swaps	1,100		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	Apr 2, 2023		Oct 2, 2022
Designated Derivative Instruments:
Cross-currency swaps	Other long-term assets	$	81.9	$	115.4
Dairy	Prepaid expenses and other current assets	0.1		0.5
Foreign currency - other	Prepaid expenses and other current assets	19.9		39.9
	Other long-term assets	10.9		33.5
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Prepaid expenses and other current assets	0.1		0.4
Foreign currency	Prepaid expenses and other current assets	4.1		34.3
	Other long-term assets	—		7.3
		Derivative Liabilities
	Balance Sheet Location	Apr 2, 2023		Oct 2, 2022
Designated Derivative Instruments:
Cross-currency swaps	Other long-term liabilities	$	8.8	$	—
Dairy	Accrued liabilities	1.8		2.9
Foreign currency - other	Accrued liabilities	7.9		0.3
	Other long-term liabilities	8.1		—
Interest rate swaps	Accrued liabilities	10.0		12.0
	Other long-term liabilities	25.9		34.0
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Accrued liabilities	1.3		—
Foreign currency	Accrued liabilities	1.6		5.8

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
	Apr 2, 2023		Oct 2, 2022		Apr 2, 2023		Oct 2, 2022
Location on the balance sheet
Long-term debt	$	1,063.1	$	1,047.7	$	(36.9)	$	(52.3)

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 April 2, 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	$	3,071.8	$	3,071.8	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	0.1		—		0.1		—
Corporate debt securities	53.2		—		53.2		—
U.S. government treasury securities	5.4		5.4		—		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	0.7		—		0.7		—
Total available-for-sale debt securities	63.2		5.4		57.8		—
Structured deposits	248.4		—		248.4		—
Marketable equity securities	67.8		67.8		—		—
Total short-term investments	379.4		73.2		306.2		—
Prepaid expenses and other current assets:
Derivative assets	24.2		—		24.2		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	101.0		—		101.0		—
Mortgage and other asset-backed securities	50.7		—		50.7		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	98.2		98.2		—		—
Total long-term investments	251.2		98.2		153.0		—
Other long-term assets:
Derivative assets	92.8		—		92.8		—
Total assets	$	3,819.4	$	3,243.2	$	576.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	22.6	$	—	$	22.6	$	—
Other long-term liabilities:
Derivative liabilities	42.8		—		42.8		—
Total liabilities	$	65.4	$	—	$	65.4	$	—

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			Fair Value Measurements at Reporting Date Using
	Balance at October 2, 2022		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	$	2,818.4	$	2,797.3	$	21.1	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	22.4		—		22.4		—
U.S. government treasury securities	9.3		9.3		—		—
Total available-for-sale debt securities	31.7		9.3		22.4		—
Structured deposits	275.1		—		275.1		—
Marketable equity securities	57.7		57.7		—		—
Total short-term investments	364.5		67.0		297.5		—
Prepaid expenses and other current assets:
Derivative assets	75.1		—		75.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	134.7		—		134.7		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	56.5		—		56.5		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	82.8		82.8		—		—
Total long-term investments	279.1		82.8		196.3		—
Other long-term assets:
Derivative assets	156.2		—		156.2		—
Total assets	$	3,693.3	$	2,947.1	$	746.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	21.0	$	—	$	21.0	$	—
Other long-term liabilities:
Derivative liabilities	34.0		—		34.0		—
Total liabilities	$	55.0	$	—	$	55.0	$	—

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 April 2, 2023 and October 2, 2022.

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 and other assets. These assets are measured at fair value if determined to be impaired.

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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 April 2, 2023 and April 3, 2022.

Note 5: Inventories (in millions):

	Apr 2, 2023		Oct 2, 2022
Coffee:
Unroasted	$	944.2	$	1,018.6
Roasted	279.4		310.3
Other merchandise held for sale	376.1		430.9
Packaging and other supplies	400.9		416.8
Total	$	2,000.6	$	2,176.6

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 April 2, 2023, we had committed to purchasing green coffee totaling $408.4 million under fixed-price contracts and an estimated $828.3 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

	Apr 2, 2023		Oct 2, 2022
Land	$	46.1	$	46.1
Buildings	567.3		555.4
Leasehold improvements	9,578.2		9,066.8
Store equipment	3,179.2		3,018.2
Roasting equipment	816.3		838.5
Furniture, fixtures and other	1,609.4		1,526.1
Work in progress	654.4		558.7
Property, plant and equipment, gross	16,450.9		15,609.8
Accumulated depreciation	(9,632.3)		(9,049.3)
Property, plant and equipment, net	$	6,818.6	$	6,560.5

Accrued Liabilities

	Apr 2, 2023		Oct 2, 2022
Accrued occupancy costs	$	82.8	$	84.6
Accrued dividends payable	607.8		608.3
Accrued capital and other operating expenditures	686.3		878.1
Self-insurance reserves	248.7		232.3
Income taxes payable	150.6		139.2
Accrued business taxes	193.8		194.6
Total accrued liabilities	$	1,970.0	$	2,137.1

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Store Operating Expenses

	Quarter Ended				Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Wages and benefits	$	2,174.3	$	2,018.3	$	4,389.9	$	4,029.0
Occupancy costs	703.4		664.9		1,374.9		1,330.2
Other expenses	758.3		631.5		1,536.5		1,355.4
Total store operating expenses	$	3,636.0	$	3,314.7	$	7,301.3	$	6,714.6

Note 7: Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Apr 2, 2023		Oct 2, 2022
Trade names, trademarks and patents	$	79.7	$	97.5

Finite-Lived Intangible Assets

	Apr 2, 2023						Oct 2, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,025.9	$	(1,025.9)	$	—	$	990.0	$	(990.0)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.3)		0.3
Trade names, trademarks and patents	130.9		(82.6)		48.3		124.6		(69.6)		55.0
Licensing agreements	18.4		(15.6)		2.8		19.3		(16.2)		3.1
Other finite-lived intangible assets	21.3		(21.3)		—		20.6		(20.6)		—
Total finite-lived intangible assets	$	1,224.1	$	(1,173.0)	$	51.1	$	1,182.1	$	(1,123.7)	$	58.4

Amortization expense for finite-lived intangible assets was $5.3 million and $10.9 million for the quarter and two quarters ended April 2, 2023, respectively and $49.2 million and $99.4 million for the quarter and two quarters ended April 3, 2022, respectively.

Estimated future amortization expense as of April 2, 2023 (in millions):

Fiscal Year	Total
2023 (excluding the two quarters ended April 2, 2023)	$	10.3
2024	20.5
2025	14.5
2026	1.8
2027	1.5
Thereafter	2.5
Total estimated future amortization expense	$	51.1

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 2, 2022	$	491.1	$	2,756.7	$	34.7	$	1.0	$	3,283.5
Other(1)	0.3		128.5		—		—		128.8
Goodwill balance at April 2, 2023	$	491.4	$	2,885.2	$	34.7	$	1.0	$	3,412.3

(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 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 bear interest at a variable rate based on LIBOR, 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 2021 credit facility contains alternative interest rate provisions specifying rate calculations to be used at such time LIBOR ceases to be available as a benchmark due to reference rate reform. 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) the Eurocurrency Rate (as defined in the 2021 credit facility) plus 1.000%.

On April 17, 2023, Starbucks amended the 2021 credit facility to replace LIBOR with Term SOFR (Secured Overnight Financing Rate) as a successor rate. All other material terms and conditions of the 2021 credit facility were unchanged. Borrowings under the amended 2021 credit facility 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 April 2, 2023, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of April 2, 2023 or October 2, 2022.

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. As of April 2, 2023, we had no borrowings outstanding under the program. As of October 2, 2022, we had $175.0 million in borrowings outstanding under this program.

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 billion, or $37.7 million, credit facility is currently set to mature on January 4, 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 billion, or $75.4 million, credit facility is currently set to mature on March 27, 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 0.300%.

As of April 2, 2023, we had ¥7 billion, or $52.8 million, of borrowings outstanding under these credit facilities. As of October 2, 2022, we had no 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):

	Apr 2, 2023				Oct 2, 2022				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
March 2023 notes	$	—	$	—	$	1,000.0	$	996.5	3.100	%	3.107	%
October 2023 notes(2)	750.0		746.4		750.0		744.8		3.850	%	2.859	%
February 2024 notes(3)	500.0		497.0		500.0		497.3		5.147	%	5.378	%
March 2024 notes(4)	640.6		643.3		588.4		584.7		0.372	%	0.462	%
August 2025 notes	1,250.0		1,230.2		1,250.0		1,209.6		3.800	%	3.721	%
February 2026 notes	1,000.0		1,008.8		—		—		4.750	%	4.788	%
June 2026 notes	500.0		469.2		500.0		458.3		2.450	%	2.511	%
March 2027 notes	500.0		455.1		500.0		437.9		2.000	%	2.058	%
March 2028 notes	600.0		578.0		600.0		554.8		3.500	%	3.529	%
November 2028 notes	750.0		731.6		750.0		704.7		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		947.8		1,000.0		900.3		3.550	%	3.840	%
March 2030 notes	750.0		647.3		750.0		607.7		2.250	%	3.084	%
November 2030 notes	1,250.0		1,087.3		1,250.0		1,017.9		2.550	%	2.582	%
February 2032 notes	1,000.0		889.3		1,000.0		827.1		3.000	%	3.155	%
February 2033 notes	500.0		508.8		—		—		4.800	%	3.798	%
June 2045 notes	350.0		310.3		350.0		281.5		4.300	%	4.348	%
December 2047 notes	500.0		403.7		500.0		369.6		3.750	%	3.765	%
November 2048 notes	1,000.0		905.5		1,000.0		824.6		4.500	%	4.504	%
August 2049 notes	1,000.0		904.8		1,000.0		817.8		4.450	%	4.447	%
March 2050 notes	500.0		374.2		500.0		342.0		3.350	%	3.362	%
November 2050 notes	1,250.0		974.1		1,250.0		874.9		3.500	%	3.528	%
Total	15,590.6		14,312.7		15,038.4		13,052.0
Aggregate debt issuance costs and unamortized premium/(discount), net	(120.2)				(117.2)
Hedge accounting fair value adjustment(2)	(36.9)				(52.3)
Total	$	15,433.5			$	14,868.9

(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 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swaps designated as fair value hedges.

(3)Floating rate notes which 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 5.147% at April 2, 2023.

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

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The following table summarizes our long-term debt maturities as of April 2, 2023 by fiscal year (in millions):

Fiscal Year	Total
2023	$	750.0
2024	1,140.6
2025	1,250.0
2026	1,500.0
2027	500.0
Thereafter	10,450.0
Total	$	15,590.6

Note 9: Leases

The components of lease costs (in millions):

	Quarter Ended				Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Operating lease costs(1)	$	401.7	$	393.4	$	786.5	$	779.5
Variable lease costs	253.9		235.8		489.2		465.6
Short-term lease costs	7.0		7.1		14.0		14.2
Total lease costs	$	662.6	$	636.3	$	1,289.7	$	1,259.3

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

The following table includes supplemental information (in millions):

	Two Quarters Ended
	Apr 2, 2023			Apr 3, 2022
Cash paid related to operating lease liabilities	$	819.0		$	845.5
Operating lease liabilities arising from obtaining ROU assets	828.0			710.6
	Apr 2, 2023			Apr 3, 2022
Weighted-average remaining operating lease term	8.5 years			8.5 years
Weighted-average operating lease discount rate	2.9		%	2.5		%

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 April 2, 2023 and October 2, 2022.

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

Fiscal Year	Total
2023 (excluding the two quarters ended April 2, 2023)	$	771.8
2024	1,522.4
2025	1,432.2
2026	1,279.2
2027	1,090.0
Thereafter	4,183.1
Total lease payments	10,278.7
Less imputed interest	(1,255.7)
Total	$	9,023.0

As of April 2, 2023, we have entered into operating leases that have not yet commenced of $1.3 billion, primarily related to real estate leases. These leases will commence between fiscal year 2023 and fiscal year 2029 with lease terms ranging from three 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 April 2, 2023, the current and long-term deferred revenue related to Nestlé was $177.0 million and $6.1 billion, respectively. As of October 2, 2022, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $6.2 billion, respectively. During the quarter and two quarters ended April 2, 2023, we recognized $44.1 million and $88.2 million of prepaid royalty revenue related to Nestlé. During the quarter and two quarters ended April 3, 2022, we recognized $44.2 million and $88.4 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 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
Quarter Ended April 3, 2022	Total
Stored value cards and loyalty program at January 2, 2022	$	1,952.5
Revenue deferred - card activations, card reloads and Stars earned	3,124.0
Revenue recognized - card and Stars redemptions and breakage	(3,426.3)
Other(1)	(5.0)
Stored value cards and loyalty program at April 3, 2022(2)	$	1,645.2
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
Two Quarters Ended April 3, 2022	Total
Stored value cards and loyalty program at October 3, 2021	$	1,448.5
Revenue deferred - card activations, card reloads and Stars earned	7,041.5
Revenue recognized - card and Stars redemptions and breakage	(6,837.1)
Other(1)	(7.7)
Stored value cards and loyalty program at April 3, 2022(2)	$	1,645.2

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

(2)As of April 2, 2023 and April 3, 2022, approximately $1.6 billion and $1.5 billion of these amounts were current, respectively.

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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
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)
April 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	(1.2)	$	224.6	$	77.1	$	(47.0)	$	253.5
Net gains/(losses) recognized in OCI before reclassifications	(7.9)		52.9		28.5		(38.5)		35.0
Net (gains)/losses reclassified from AOCI to earnings	0.1		(25.8)		(2.6)		0.1		(28.2)
Other comprehensive income/(loss) attributable to Starbucks	(7.8)		27.1		25.9		(38.4)		6.8
Net gains/(losses) in AOCI, end of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3
Two Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
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)
April 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	1.5	$	158.3	$	48.6	$	(61.2)	$	147.2
Net gains/(losses) recognized in OCI before reclassifications	(10.5)		129.8		59.5		(24.3)		154.5
Net (gains)/losses reclassified from AOCI to earnings	—		(36.4)		(5.1)		0.1		(41.4)
Other comprehensive income/(loss) attributable to Starbucks	(10.5)		93.4		54.4		(24.2)		113.1
Net gains/(losses) in AOCI, end of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3

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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
	Apr 2, 2023		Apr 3, 2022
Gains/(losses) on available-for-sale debt securities	$	(0.3)	$	(0.2)	Interest income and other, net
Gains/(losses) on cash flow hedges	59.9		30.9		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	7.0		3.5		Interest expense
	66.6		34.2		Total before tax
	(9.5)		(6.0)		Tax expense
	$	57.1	$	28.2	Net of tax
Two Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Apr 2, 2023		Apr 3, 2022
Gains/(losses) on available-for-sale debt securities	$	(0.4)	$	—	Interest income and other, net
Gains/(losses) on cash flow hedges	153.1		43.4		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	12.3		6.9		Interest expense
	165.0		50.3		Total before tax
	(21.3)		(8.9)		Tax expense
	$	143.7	$	41.4	Net of tax

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of April 2, 2023.

During the two quarters ended April 2, 2023 and April 3, 2022, we repurchased 4.9 million and 36.3 million shares of common stock for $495.3 million and $4,013.0 million, respectively. As of April 2, 2023, 47.7 million shares remained available for repurchase under current authorizations.

During the second quarter of fiscal 2023, our Board of Directors approved a quarterly cash dividend to shareholders of $0.53 per share to be paid on May 26, 2023 to shareholders of record as of the close of business on May 12, 2023.

Note 12: Employee Stock Plans

As of April 2, 2023, there were 92.3 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 10.5 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
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Restricted Stock Units (“RSUs”)	$	74.1	$	54.1	$	159.2	$	149.8
Options	0.0		(0.6)		0.1		(0.5)
Total stock-based compensation expense	$	74.1	$	53.5	$	159.3	$	149.3

Stock option and RSU transactions from October 2, 2022 through April 2, 2023 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 2, 2022	4.1		7.0
Granted	—		4.1
Options exercised/RSUs vested	(1.9)		(2.7)
Forfeited/expired	—		(0.6)
Options outstanding/Nonvested RSUs, April 2, 2023	2.2		7.8
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of April 2, 2023	$	—	$	278.5

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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
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Net earnings attributable to Starbucks	$	908.3	$	674.5	$	1,763.6	$	1,490.4
Weighted average common shares outstanding (for basic calculation)	1,148.5		1,149.2		1,148.4		1,159.4
Dilutive effect of outstanding common stock options and RSUs	4.2		4.7		4.4		5.8
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,152.7		1,153.9		1,152.8		1,165.2
EPS — basic	$	0.79	$	0.59	$	1.54	$	1.29
EPS — diluted	$	0.79	$	0.58	$	1.53	$	1.28

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

In 2010 and 2011, an organization named Council for Education and Research on Toxics (“Plaintiff”) filed lawsuits in the Superior Court of the State of California, County of Los Angeles, against the Company and other companies who manufacture, package, distribute or sell brewed coffee. The suits were later consolidated into a single action. Plaintiff alleged that the Company and the other defendants failed to provide warnings for their coffee products of exposure to the chemical acrylamide as required under California Health and Safety Code section 25249.5, the California Safe Drinking Water and Toxic Enforcement Act of 1986, better known as Proposition 65. In 2020, the trial court granted defendants’ motion for summary judgment, which was affirmed by the California Court of Appeal. The California Supreme Court denied Plaintiff’s petition for review on February 15, 2023, concluding the matter.

Starbucks is involved in various other legal proceedings arising in the ordinary course of business, including 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.

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
	Apr 2, 2023				Apr 3, 2022				Apr 2, 2023				Apr 3, 2022
Beverage(1)	$	5,226.9	60	%	$	4,599.0	60	%	$	10,401.4	60	%	$	9,497.4	60	%
Food(2)	1,590.9		18	%	1,364.3		18	%	3,157.0		18	%	2,798.9		18	%
Other(3)	1,902.0		22	%	1,672.3		22	%	3,875.4		22	%	3,389.7		22	%
Total	$	8,719.8	100	%	$	7,635.6	100	%	$	17,433.8	100	%	$	15,686.0	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, serveware and ready-to-drink beverages, among other items.

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

Quarter Ended

	North America		International		Channel Development		Corporate and Other		Total
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
April 3, 2022
Total net revenues	$	5,445.7	$	1,702.4	$	463.1	$	24.4	$	7,635.6
Depreciation and amortization expenses	202.0		133.4		—		32.3		367.7
Income from equity investees	—		0.6		48.5		—		49.1
Operating income/(loss)	931.5		180.7		197.9		(361.2)		948.9
Two Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
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
April 3, 2022
Total net revenues	$	11,178.0	$	3,578.4	$	880.1	$	49.5	$	15,686.0
Depreciation and amortization expenses	402.1		266.5		—		65.2		733.8
Income from equity investees	—		1.3		88.1		—		89.4
Operating income/(loss)	2,014.6		480.3		381.1		(749.3)		2,126.7

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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. These statements include statements relating to trends in, or expectations relating to, the effects of our existing and any future initiatives, strategies, investments and plans, including our Reinvention Plan, as well as trends in, or expectations regarding, our financial results and long-term growth model and drivers; our operations in the U.S. and China; our environmental, social and governance efforts; our partners; economic and consumer trends, including the impact of inflationary pressures; impact of foreign currency translation; strategic pricing actions; the conversion of certain market operations to fully licensed models; our plans for streamlining our operations, including store openings, closures and changes in store formats and models; the success of our licensing relationship with Nestlé, of our consumer packaged goods and foodservice business and its effects on our Channel Development segment results; tax rates; business opportunities, expansions and new initiatives, including Starbucks Odyssey; strategic acquisitions; our dividends programs; commodity costs and our mitigation strategies; our liquidity, cash flow from operations, investments, borrowing capacity and use of proceeds; continuing compliance with our covenants under our credit facilities and commercial paper program; repatriation of cash to the U.S.; the likelihood of the issuance of additional debt and the applicable interest rate; the continuing impact of the COVID-19 pandemic or other public health events on our financial results; our ceo transition; our share repurchase program; our use of cash and cash requirements; the expected effects of new accounting pronouncements and the estimated impact of changes in U.S. tax law, including on tax rates, investments funded by these changes and potential outcomes; and effects of legal proceedings. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to: the continuing impact of COVID-19 on our business; regulatory measures or voluntary actions that may be put in place to limit the spread of COVID-19, including restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions; the resurgence of COVID-19 infections and the circulation of novel variants of COVID-19; fluctuations in U.S. and international economies and currencies; our ability to preserve, grow and leverage our brands; the ability of our business partners and third-party providers to fulfill their responsibilities and commitments; potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination or mislabeling; potential negative effects of material breaches of our information technology systems to the extent we experience a material breach; material failures of our information technology systems; costs associated with, and the successful execution of, the Company’s initiatives and plans; new initiatives and plans or revisions to existing initiatives or plans; our ability to obtain financing on acceptable terms; the acceptance of the Company’s products by our customers, evolving consumer preferences and tastes and changes in consumer spending behavior; partner investments, changes in the availability and cost of labor including any union organizing efforts and our responses to such efforts; failure to attract or retain key executive or employee talent or successfully transition executives; significant increased logistics costs; inflationary pressures; the impact of competition; inherent risks of operating a global business including any potential negative effects stemming from the Russian invasion of Ukraine; the prices and availability of coffee, dairy and other raw materials; the effect of legal proceedings; and the effects of changes in tax laws and related guidance and regulations that may be implemented, including the Inflation Reduction Act of 2022 and other risks detailed in our filings with the SEC, including in the "Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of the company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings.

A forward-looking statement is neither a prediction nor a guarantee of future events or 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 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 18, 2022.

Introduction and Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 84 markets. As of April 2, 2023, Starbucks had more than 36,600 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.

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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. Non-reportable operating segments and 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 exclude 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 due to the COVID-19 pandemic 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 2023 and 2022 included 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 2023 demonstrate the overall strength of our brand. Consolidated net revenues increased 14% to $8.7 billion in the second quarter of fiscal 2023 compared to $7.6 billion in the second quarter of fiscal 2022, primarily driven by strength in our U.S. business and growth in our international licensed markets and the beginning of a recovery from COVID-19 pandemic-related business interruptions in China. During the quarter ended April 2, 2023, our global comparable store sales grew 11%, primarily driven by 12% growth in the U.S. market and 7% growth internationally, as evidenced by the strength of the Starbucks brand in global markets. Consolidated operating margin increased 280 basis points from the prior year to 15.2%, primarily driven by sales leverage, pricing, productivity improvement and the gain from sale of our Seattle's Best Coffee brand. These were partially offset by previously-committed investments in labor, including enhancements in retail store partner wages and benefits, increased general and administrative costs related to our Reinvention Plan and higher supply chain costs driven by inflationary pressures.

We anticipate continued recovery in China, coupled with sales leverage, pricing and productivity gains from the Reinvention Plan, will position us to meet our expected financial results in the remainder of the fiscal year. Absent significant and prolonged COVID-19 relapses or global economic disruptions, we believe our strategy will result in sustainable and profitable growth over the long-term.

Results of Operations (in millions)

Revenues

	Quarter Ended								Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		$ Change		% Change		Apr 2, 2023		Apr 3, 2022		$ Change		% Change
Company-operated stores	$	7,142.3	$	6,276.7	$	865.6	13.8	%	$	14,225.7	$	12,999.1	$	1,226.6	9.4	%
Licensed stores	1,069.5		849.5		220.0		25.9		2,189.0		1,700.3		488.7		28.7
Other	508.0		509.4		(1.4)		(0.3)		1,019.1		986.6		32.5		3.3
Total net revenues	$	8,719.8	$	7,635.6	$	1,084.2	14.2	%	$	17,433.8	$	15,686.0	$	1,747.8	11.1	%

For the quarter ended April 2, 2023 compared with the quarter ended April 3, 2022

Total net revenues for the second quarter of fiscal 2023 increased $1.1 billion, primarily due to higher revenues from company-operated stores ($866 million). The growth of company-operated stores revenue was driven by an 11% increase in comparable store sales ($669 million), attributable to a 6% increase in comparable transactions and a 4% increase in average ticket. Also contributing was incremental revenues from 1,114 net new Starbucks® company-operated stores, or a 6% increase, over the past 12 months ($312 million). Partially offsetting these increases was unfavorable foreign currency translation ($163 million).

Licensed stores revenue increased $220 million contributing to the increase in total net revenues, driven by higher product and equipment sales to and royalty revenues from our licensees ($233 million). Partially offsetting this increase was unfavorable foreign currency translation ($21 million).

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For the two quarters ended April 2, 2023 compared with the two quarters ended April 3, 2022

Total net revenues for the first two quarters of fiscal 2023 increased $1.7 billion, primarily due to higher revenues from company-operated stores ($1.2 billion). The growth of company-operated stores revenue was driven by a 8% increase in comparable store sales ($1.0 billion) attributed to a 6% increase in average ticket and a 2% increase in transactions. Also contributing to the increase were incremental revenues from 1,114 net new Starbucks company-operated stores, or a 6% increase, over the past 12 months ($571 million). Partially offsetting these increases was unfavorable foreign currency translation ($388 million).

Licensed stores revenue increased $489 million contributing to the increase in total net revenues, driven by higher product and equipment sales to and royalty revenues from our licensees ($532 million). Partially offsetting this increase was unfavorable foreign currency translation ($57 million).

Other revenues increased $33 million, primarily due to higher product sales and royalty revenue in the Global Coffee Alliance ($63 million), partially offset by the absence of revenues from the Evolution Fresh business following its sale in the fourth quarter of fiscal 2022 ($37 million).

Operating Expenses

	Quarter Ended										Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022
							As a % of Total Net Revenues										As a % of Total Net Revenues
Product and distribution costs	$	2,801.7	$	2,465.8	$	335.9	32.1	%	32.3	%	$	5,611.9	$	4,992.7	$	619.2	32.2	%	31.8	%
Store operating expenses	3,636.0		3,314.7		321.3		41.7		43.4		7,301.3		6,714.6		586.7		41.9		42.8
Other operating expenses	126.2		101.7		24.5		1.4		1.3		255.4		203.4		52.0		1.5		1.3
Depreciation and amortization expenses	341.9		367.7		(25.8)		3.9		4.8		669.0		733.8		(64.8)		3.8		4.7
General and administrative expenses	620.4		481.5		138.9		7.1		6.3		1,201.3		1,007.3		194.0		6.9		6.4
Restructuring and impairments	8.8		4.4		4.4		0.1		0.1		14.7		(3.1)		17.8		0.1		0.0
Total operating expenses	7,535.0		6,735.8		799.2		86.4		88.2	%	15,053.6		13,648.7		1,404.9		86.3		87.0
Income from equity investees	51.4		49.1		2.3		0.6		0.6		109.2		89.4		19.8		0.6		0.6
Gain from sale of assets	91.3		—		91.3		1.0		nm		91.3		—		91.3		0.5		nm
Operating income	1,327.5		948.9		378.6		15.2		12.4	%	2,580.7		2,126.7		454.0		14.8		13.6
Store operating expenses as a % of company-operated stores revenue							50.9	%	52.8	%							51.3	%	51.7	%

For the quarter ended April 2, 2023 compared with the quarter ended April 3, 2022

Product and distribution costs as a percentage of total net revenues decreased 20 basis points for the second quarter of fiscal 2023, primarily due to pricing (approximately 120 basis points), partially offset by higher supply chain costs driven by inflationary pressures (approximately 100 basis points).

Store operating expenses as a percentage of total net revenues decreased 170 basis points for the second quarter of fiscal 2023. Store operating expenses as a percentage of company-operated stores revenue decreased 190 basis points, primarily due to sales leverage (approximately 260 basis points), pricing (approximately 160 basis points) and productivity improvement (approximately 160 basis points). These were partially offset by previously-committed investments in labor, including enhancements in retail store partner wages and benefits (approximately 340 basis points).

Other operating expenses increased $25 million for the second quarter of fiscal 2023, primarily due to higher support costs for our growing licensed markets ($9 million) and strategic investments in technology and other initiatives ($6 million).

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Depreciation and amortization expenses as a percentage of total net revenues decreased 90 basis points, primarily due to lapping amortization expenses of acquisition-related intangibles assets that are now fully amortized.

General and administrative expenses increased $139 million, primarily due to incremental investments in technology ($36 million), higher performance-based compensation ($30 million), increased support costs of strategic initiatives including the Reinvention Plan ($18 million), a donation to the Starbucks Foundation ($15 million) and higher partner wages and benefits ($13 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.

The combination of these changes resulted in an overall increase in operating margin of 280 basis points for the second quarter of fiscal 2023.

For the two quarters ended April 2, 2023 compared with the two quarters ended April 3, 2022

Product and distribution costs as a percentage of total net revenues increased 40 basis points for the first two quarters of fiscal 2023, primarily due to higher supply chain costs driven by inflationary pressures (approximately 130 basis points) and business mix shift (approximately 60 basis points), partially offset by pricing (approximately 160 basis points).

Store operating expenses as a percentage of total net revenues decreased 90 basis points for the first two quarters of fiscal 2023. Store operating expenses as a percentage of company-operated stores revenue decreased 40 basis points, primarily due to pricing (approximately 210 basis points), sales leverage (approximately 120 basis points) and productivity improvement (approximately 110 basis points). These were partially offset by previously-committed investments in labor, including enhancements in retail store partner wages and benefits (approximately 340 basis points).

Other operating expenses increased $52 million for the first two quarters of fiscal 2023, primarily due to higher support costs for our growing licensed markets ($17 million) and strategic investments in technology and other initiatives ($13 million).

Depreciation and amortization expenses as a percentage of total net revenues decreased 90 basis points, primarily due to lapping amortization expenses of acquisition-related intangibles assets that are now fully amortized.

General and administrative expenses increased $194 million, primarily due to incremental investments in technology ($64 million), increased support costs to address labor market conditions and leadership training ($28 million), higher performance-based compensation ($24 million), increased support costs of strategic initiatives including the Reinvention Plan ($24 million) and higher partner wages and benefits ($20 million).

Income from equity investees increased $20 million, primarily due to higher income from our North American Coffee Partnership joint venture.

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

The combination of these changes resulted in an overall increase in operating margin of 120 basis points for the first two quarters of fiscal 2023.

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Other Income and Expenses 

	Quarter Ended										Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022
							As a % of Total Net Revenues										As a % of Total Net Revenues
Operating income	$	1,327.5	$	948.9	$	378.6	15.2	%	12.4	%	$	2,580.7	$	2,126.7	$	454.0	14.8	%	13.6	%
Interest income and other, net	18.4		46.3		(27.9)		0.2		0.6		30.0		46.2		(16.2)		0.2		0.3
Interest expense	(136.3)		(119.1)		(17.2)		(1.6)		(1.6)		(266.0)		(234.4)		(31.6)		(1.5)		(1.5)
Earnings before income taxes	1,209.6		876.1		333.5		13.9		11.5		2,344.7		1,938.5		406.2		13.4		12.4
Income tax expense	301.3		201.1		100.2		3.5		2.6		581.1		447.4		133.7		3.3		2.9
Net earnings including noncontrolling interests	908.3		675.0		233.3		10.4		8.8		1,763.6		1,491.1		272.5		10.1		9.5
Net earnings attributable to noncontrolling interests	—		0.5		(0.5)		—		—		—		0.7		(0.7)		—		—
Net earnings attributable to Starbucks	$	908.3	$	674.5	$	233.8	10.4	%	8.8	%	$	1,763.6	$	1,490.4	$	273.2	10.1	%	9.5	%
Effective tax rate including noncontrolling interests							24.9	%	23.0	%							24.8	%	23.1	%

For the quarter ended April 2, 2023 compared with the quarter ended April 3, 2022

Interest income and other, net decreased $28 million, primarily due to lapping higher investment gains in the prior year.

Interest expense increased $17 million, primarily due to additional interest incurred on floating rate debt.

The effective tax rate for the quarter ended April 2, 2023 was 24.9% compared to 23.0% for the same period in fiscal 2022. The increase was primarily due to lapping a beneficial return-to-provision adjustment recorded related to the divestiture of certain joint venture operations (approximately 260 basis points).

For the two quarters ended April 2, 2023 compared with the two quarters ended April 3, 2022

Interest income and other, net decreased $16 million, primarily due to lapping higher investment gains in the prior year.

Interest expense increased $32 million, primarily due to additional interest incurred on floating rate debt.

The effective tax rate for the first two quarters ended April 2, 2023 was 24.8% compared to 23.1% for the same period in fiscal 2022. The increase was primarily due to lapping a beneficial return-to-provision adjustment recorded related to the divestiture of certain joint venture operations (approximately 120 basis points) and a decrease in stock-based compensation excess tax benefits (approximately 80 basis points).

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Segment Information

Results of operations by segment (in millions):

North America

	Quarter Ended										Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022
							As a % of North America Total Net Revenues										As a % of North America Total Net Revenues
Net revenues:
Company-operated stores	$	5,742.7	$	4,936.3	$	806.4	90.0	%	90.6	%	$	11,613.2	$	10,150.4	$	1,462.8	89.8	%	90.8	%
Licensed stores	637.4		507.0		130.4		10.0		9.3		1,317.4		1,022.9		294.5		10.2		9.2
Other	0.5		2.4		(1.9)		0.0		0.0		1.2		4.7		(3.5)		0.0		0.0
Total net revenues	6,380.6		5,445.7		934.9		100.0		100.0		12,931.8		11,178.0		1,753.8		100.0		100.0
Product and distribution costs	1,821.7		1,564.0		257.7		28.6		28.7		3,739.3		3,193.4		545.9		28.9		28.6
Store operating expenses	2,951.6		2,625.4		326.2		46.3		48.2		5,983.0		5,327.7		655.3		46.3		47.7
Other operating expenses	63.4		47.1		16.3		1.0		0.9		128.9		95.3		33.6		1.0		0.9
Depreciation and amortization expenses	226.3		202.0		24.3		3.5		3.7		443.1		402.1		41.0		3.4		3.6
General and administrative expenses	91.2		71.3		19.9		1.4		1.3		193.5		148.0		45.5		1.5		1.3
Restructuring and impairments	8.5		4.4		4.1		0.1		0.1		13.6		(3.1)		16.7		0.1		0.0
Total operating expenses	5,162.7		4,514.2		648.5		80.9		82.9		10,501.4		9,163.4		1,338.0		81.2		82.0
Operating income	$	1,217.9	$	931.5	$	286.4	19.1	%	17.1	%	$	2,430.4	$	2,014.6	$	415.8	18.8	%	18.0	%
Store operating expenses as a % of company-operated stores revenue							51.4	%	53.2	%							51.5	%	52.5	%

For the quarter ended April 2, 2023 compared with the quarter ended April 3, 2022

Revenues

North America total net revenues for the second quarter of fiscal 2023 increased $935 million, or 17%, primarily due to a 12% increase in comparable store sales ($584 million) driven by a 6% increase in transactions and a 5% increase in average ticket. Also contributing to these increases were the performance of net new company-operated store openings over the past 12 months ($205 million) and higher product and equipment sales to and royalty revenues from our licensees ($122 million).

Operating Margin

North America operating income for the second quarter of fiscal 2023 increased 31% to $1.2 billion, compared to $0.9 billion in the second quarter of fiscal 2022. Operating margin increased 200 basis points to 19.1%, primarily due to pricing (approximately 320 basis points) and sales leverage (approximately 270 basis points). Also contributing were productivity improvement (approximately 170 basis points) and lower COVID-19 pandemic related catastrophe pay for store partners (approximately 120 basis points). These increases were partially offset by previously-committed investments in labor, including enhancements in retail store partner wages and benefits (approximately 360 basis points) and inflationary pressures on commodities and our supply chain (approximately 120 basis points).

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For the two quarters ended April 2, 2023 compared with the two quarters ended April 3, 2022

Revenues

North America total net revenues for the first two quarters of fiscal 2023 increased $1.8 billion, or 16%, primarily due to a 11% increase in comparable store sales ($1.1 billion) driven by a 7% increase in average ticket and a 4% increase in transactions. Also contributing to these increases were net new company-operated store openings over the past 12 months ($388 million) and higher product and equipment sales to and royalty revenues from our licensees ($282 million).

Operating Margin

North America operating income for the first two quarters of fiscal 2023 increased 21% to $2.4 billion, compared to $2.0 billion for the same period in fiscal 2022. Operating margin increased 80 basis points to 18.8%, primarily due to pricing (approximately 420 basis points) and sales leverage (approximately 230 basis points). Also contributing was productivity improvement (approximately 120 basis points). These increases were partially offset by previously-committed investments in labor, including enhancements in retail store partner wages and benefits (approximately 380 basis points) and inflationary pressures on commodities and our supply chain (approximately 170 basis points).

International

	Quarter Ended										Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022
							As a % of International Total Net Revenues										As a % of International Total Net Revenues
Net revenues:
Company-operated stores	$	1,399.6	$	1,340.4	$	59.2	75.5	%	78.7	%	$	2,612.5	$	2,848.7	$	(236.2)	73.9	%	79.6	%
Licensed stores	432.1		342.5		89.6		23.3		20.1		871.6		677.4		194.2		24.7		18.9
Other	23.1		19.5		3.6		1.2		1.1		50.8		52.3		(1.5)		1.4		1.5
Total net revenues	1,854.8		1,702.4		152.4		100.0		100.0		3,534.9		3,578.4		(43.5)		100.0		100.0
Product and distribution costs	632.9		580.5		52.4		34.1		34.1		1,226.5		1,196.4		30.1		34.7		33.4
Store operating expenses	684.4		689.3		(4.9)		36.9		40.5		1,318.3		1,386.9		(68.6)		37.3		38.8
Other operating expenses	49.9		39.5		10.4		2.7		2.3		100.6		78.7		21.9		2.8		2.2
Depreciation and amortization expenses	86.3		133.4		(47.1)		4.7		7.8		167.7		266.5		(98.8)		4.7		7.4
General and administrative expenses	87.4		79.6		7.8		4.7		4.7		167.9		170.9		(3.0)		4.7		4.8
Total operating expenses	1,540.9		1,522.3		18.6		83.1		89.4		2,981.0		3,099.4		(118.4)		84.3		86.6
Income from equity investees	0.8		0.6		0.2		—		—		1.2		1.3		(0.1)		—		—
Operating income	$	314.7	$	180.7	$	134.0	17.0	%	10.6	%	$	555.1	$	480.3	$	74.8	15.7	%	13.4	%
Store operating expenses as a % of company-operated stores revenue							48.9	%	51.4	%							50.5	%	48.7	%

For the quarter ended April 2, 2023 compared with the quarter ended April 3, 2022

Revenues

International total net revenues for the second quarter of fiscal 2023 increased $152 million, or 9%, primarily due to higher product and equipment sales to and royalty revenues from our licensees ($111 million), 721 net new company-operated store openings, or a 10% increase, over the past 12 months ($107 million). Also contributing was a 7% increase in comparable store sales ($85 million), driven by a 7% increase in customer transactions, primarily attributable to business recovery from COVID-19 pandemic related disruptions in China. These increases were partially offset by unfavorable foreign currency translation ($163 million).

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Operating Margin

International operating income for the second quarter of fiscal 2023 increased 74% to $315 million, compared to $181 million in the second quarter of fiscal 2022. Operating margin increased 640 basis points to 17.0%, primarily due to sales leverage (approximately 470 basis points) and lapping amortization expenses of acquisition-related intangibles assets that are now fully amortized (approximately 250 basis points). These decreases were partially offset by higher partner wages and benefits (approximately 100 basis points).

For the two quarters ended April 2, 2023 compared with the two quarters ended April 3, 2022

Revenues

International total net revenues for the first two quarters of fiscal 2023 decreased $44 million, or 1%, primarily due to unfavorable foreign currency translation ($399 million), as well as a 3% decline in comparable store sales ($85 million), driven by a 3% decrease in customer transactions primarily due to COVID-19 pandemic related disruptions in China during the first quarter of fiscal 2023. These were partially offset by higher product and equipment sales to and royalty revenues from our licensees ($250 million), as well as 721 net new company-operated store openings, or a 10% increase, over the past 12 months ($183 million).

Operating Margin

International operating income for the first two quarters of fiscal 2023 increased 16% to $555 million, compared to $480 million for the same period in fiscal 2022. Operating margin increased 230 basis points to 15.7%, primarily due to lapping amortization expenses of acquisition-related intangibles assets that are now fully amortized (approximately 240 basis points) and sales leverage across markets outside of China (approximately 190 basis points). These increases were partially offset by sales deleverage related to COVID-19 pandemic related impacts in our China market during the first quarter of fiscal 2023 (approximately 160 basis points) and higher partner wages and benefits (approximately 100 basis points).

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Channel Development 

	Quarter Ended										Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022		$ Change		Apr 2, 2023		Apr 3, 2022
							As a % of Channel Development Total Net Revenues										As a % of Channel Development Total Net Revenues
Net revenues	$	480.7	$	463.1	$	17.6					$	958.9	$	880.1	$	78.8
Product and distribution costs	345.6		300.5		45.1		71.9	%	64.9	%	639.8		559.3		80.5		66.7	%	63.5	%
Other operating expenses	12.8		10.7		2.1		2.7		2.3		25.8		22.0		3.8		2.7		2.5
General and administrative expenses	2.1		2.5		(0.4)		0.4		0.5		4.1		5.8		(1.7)		0.4		0.7
Total operating expenses	360.5		313.7		46.8		75.0		67.7		669.8		587.1		82.7		69.9		66.7
Income from equity investees	50.6		48.5		2.1		10.5		10.5		108.0		88.1		19.9		11.3		10.0
Gain from sale of assets	91.3		—		91.3		19.0		nm		91.3		—		91.3		9.5	%	nm
Operating income	$	262.1	$	197.9	$	64.2	54.5	%	42.7	%	$	488.4	$	381.1	$	107.3	50.9	%	43.3	%

For the quarter ended April 2, 2023 compared with the quarter ended April 3, 2022

Revenues

Channel Development total net revenues for the second quarter of fiscal 2023 increased $18 million, or 4%, primarily due to higher Global Coffee Alliance product sales and royalty revenue ($20 million).

Operating Margin

Channel Development operating income for the second quarter of fiscal 2023 increased 32% to $262 million, compared to $198 million in the second quarter of fiscal 2022. Operating margin increased 1,180 basis points to 54.5%, primarily due to the gain from sale of our Seattle's Best Coffee brand (approximately 1,900 basis points), partially offset by impairment charges against certain manufacturing assets (approximately 360 basis points).

For the two quarters ended April 2, 2023 compared with the two quarters ended April 3, 2022

Revenues

Channel Development total net revenues for the first two quarters of fiscal 2023 increased $79 million, or 9%, primarily due to higher Global Coffee Alliance product sales and royalty revenue ($63 million) and growth in our global ready-to-drink business ($27 million).

Operating Margin

Channel Development operating income for the first two quarters of fiscal 2023 increased 28% to $488 million, compared to $381 million for the same period in fiscal 2022. Operating margin increased 760 basis points to 50.9%, primarily due to the gain from sale of our Seattle's Best Coffee brand (approximately 950 basis points) and growth in our North American Coffee Partnership joint venture income (approximately 110 basis points), partially offset by impairment charges against certain manufacturing assets (approximately 190 basis points) and business mix shift (approximately 160 basis points).

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Corporate and Other

	Quarter Ended								Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		$ Change		% Change		Apr 2, 2023		Apr 3, 2022		$ Change		% Change
Net revenues:
Other	$	3.7	$	24.4	$	(20.7)	(84.8)	%	$	8.2	$	49.5	$	(41.3)	(83.4)	%
Total net revenues	3.7		24.4		(20.7)		(84.8)		8.2		49.5		(41.3)		(83.4)
Product and distribution costs	1.5		20.8		(19.3)		(92.8)		6.3		43.6		(37.3)		(85.6)
Other operating expenses	0.1		4.4		(4.3)		(97.7)		0.1		7.4		(7.3)		(98.6)
Depreciation and amortization expenses	29.3		32.3		(3.0)		(9.3)		58.1		65.2		(7.1)		(10.9)
General and administrative expenses	439.7		328.1		111.6		34.0		835.8		682.6		153.2		22.4
Restructuring and impairments	0.3		—		0.3		nm		1.1		—		1.1		nm
Total operating expenses	470.9		385.6		85.3		22.1		901.4		798.8		102.6		12.8
Operating loss	$	(467.2)	$	(361.2)	$	(106.0)	29.3	%	$	(893.2)	$	(749.3)	$	(143.9)	19.2	%

Corporate and Other primarily consists of our unallocated corporate expenses and Evolution Fresh, prior to its sale in the fourth quarter of fiscal 2022. 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 April 2, 2023 compared with the quarter ended April 3, 2022

Corporate and Other operating loss increased by 29% to $467 million for the second quarter of fiscal 2023 compared to $361 million for the second quarter of fiscal 2022. This increase was primarily driven by incremental investments in technology ($34 million), higher performance-based compensation ($25 million), increased support costs of strategic initiatives including the Reinvention Plan ($18 million) and a donation to the Starbucks Foundation ($15 million).

For the two quarters ended April 2, 2023 compared with the two quarters ended April 3, 2022

Corporate and Other operating loss increased by 19% to $893 million for the first two quarters of fiscal 2023 compared to $749 million for the same period in fiscal 2022. This increase was primarily driven by incremental investments in technology ($62 million), increased support costs of strategic initiatives including the Reinvention Plan ($24 million), increased support costs to address labor market conditions ($16 million), higher performance-based compensation ($16 million) and a donation to the Starbucks Foundation ($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
	Apr 2, 2023	Apr 3, 2022	Apr 2, 2023	Apr 3, 2022	Apr 2, 2023	Apr 3, 2022
North America
Company-operated stores	91	54	131	93	10,347	9,954
Licensed stores	10	(16)	56	7	7,135	6,972
Total North America	101	38	187	100	17,482	16,926
International
Company-operated stores	174	102	271	315	8,308	7,587
Licensed stores	189	173	465	382	10,844	10,117
Total International	363	275	736	697	19,152	17,704
Total Company	464	313	923	797	36,634	34,630

Financial Condition, Liquidity and Capital Resources

Cash and Investment Overview

Our cash and investments totaled $3.7 billion as of April 2, 2023 and $3.5 billion as of October 2, 2022. We actively manage our cash and investments in order to internally fund operating needs, make scheduled interest and principal payments on our borrowings, make 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 (foreign and domestic) and commercial paper as well as principal-protected structured deposits. As of April 2, 2023, approximately $2.6 billion of cash and short-term investment 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 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 bear interest at a variable rate based on LIBOR, 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 2021 credit facility contains alternative interest rate provisions specifying rate calculations to be used at such time LIBOR ceases to be available as a benchmark due to reference rate reform. 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) the Eurocurrency Rate (as defined in the 2021 credit facility) plus 1.000%.

On April 17, 2023, Starbucks amended the 2021 credit facility to replace LIBOR with Term SOFR (Secured Overnight Financing Rate) as a successor rate. All other material terms and conditions of the 2021 credit facility were unchanged. Borrowings under the amended 2021 credit facility 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 April 2, 2023, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of April 2, 2023 or October 2, 2022.

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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 the 2021 credit facility discussed above. 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. As of April 2, 2023, we had no borrowings outstanding under our commercial paper program. As of October 2, 2022, we had $175.0 million in borrowings outstanding under this program. Our total contractual borrowing capacity for general corporate purposes was $3.0 billion as of the end of our second quarter of fiscal 2023.

Credit facilities in Japan

Additionally, we hold Japanese yen-denominated credit facilities for the use of our Japan subsidiary. These are available for working capital needs and capital expenditures within our Japanese market.

•A ¥5 billion, or $37.7 million, credit facility is currently set to mature on January 4, 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 billion, or $75.4 million, credit facility is currently set to mature on March 27, 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 0.300%.

As of April 2, 2023, we had ¥7 billion, or $52.8 million, of borrowings outstanding under these credit facilities. As of October 2, 2022, we had no 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 April 2, 2023, 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, as well as 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 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 indefinite reinvestment of foreign earnings. In the event we determine that all or a portion of such foreign earnings are no longer indefinitely reinvested, we may be subject to additional foreign withholding taxes and U.S. state income taxes, which could be material. While we do not anticipate the need for repatriated funds to the U.S. to satisfy domestic liquidity requirements, any foreign earnings which are not indefinitely reinvested may be repatriated at management’s discretion.

During the second quarter of fiscal 2023, our Board of Directors approved a quarterly cash dividend to shareholders of $0.53 per share to be paid on May 26, 2023 to shareholders of record as of the close of business on May 12, 2023.

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During the first quarter of fiscal 2023, we resumed our share repurchase program which was temporarily suspended in April 2022. During the two quarters ended April 2, 2023, we repurchased 4.9 million shares of common stock for $495.3 million. As of April 2, 2023, 47.7 million shares remained available for repurchase under current authorizations.

Other than normal operating expenses, cash requirements for the remainder of fiscal 2023 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 2023 are expected to be approximately $2.5 billion.

In the MD&A included in the 10-K, we disclosed that we had $33.2 billion of current and long-term material cash requirements as of October 2, 2022. 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

Cash provided by operating activities was $2.4 billion for the first two quarters of fiscal 2023, compared to $2.0 billion for the same period in fiscal 2022. The change was primarily due to higher net earnings during the period and a decrease in net cash used by changes in other operating assets and liabilities.

Cash used in investing activities for the first two quarters of fiscal 2023 totaled $907 million, compared to cash used in investing activities of $881 million for the same period in fiscal 2022. The change was primarily due to an increase in purchases of investments and higher spend on capital expenditures, partially offset by an increase in maturities and calls of investments and proceeds from the sale of assets.

Cash used in financing activities for the first two quarters of fiscal 2023 totaled $1.3 billion compared to cash used in financing activities of $3.7 billion for the same period in fiscal 2022. The change is primarily due to a decrease in share repurchase activities, partially offset by higher repayments of long-term 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 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. However, the COVID-19 pandemic may have an impact on consumer behaviors and customer traffic that result in changes in the seasonal fluctuations of our business. Additionally, as our stored value 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 our stored value cards are recognized upon redemption and not when cash is loaded, 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.

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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.

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 2023, 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 the 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 (April 2, 2023).

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. 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

Information regarding repurchases of our common stock during the quarter ended April 2, 2023:

	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(3)
Period (1)
January 2, 2023 - January 29, 2023	—	$	—	—	50,638,176
January 30, 2023 - February 26, 2023	979,290	106.13		979,290	49,658,886
February 27, 2023 - April 2, 2023	1,983,711	100.82		1,983,711	47,675,175
Total	2,963,001	$	102.57	2,963,001

(1)Monthly information is presented by reference to our fiscal months during the second quarter of fiscal 2023.

(2)Share repurchases are conducted under our ongoing share repurchase program announced in September 2001, which has no expiration date, and for which the authorized number of shares has been increased by our Board numerous times, with our Board most recently authorizing the repurchase of up to an additional 40 million shares in March 2022.

(3)This column includes the total number of shares available for repurchase under the Company's ongoing share repurchase program. 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 Securities Exchange Act of 1934, 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.

Item 3.Defaults upon Senior Securities

None.

Item 4.Mine Safety Disclosures

Not applicable.

Item 5.Other Information

None.

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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	Ninth Supplemental Indenture, dated as of February 16, 2023, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee and as successor in interest to U.S. Bank National Association	8-K	000-20322	2/16/2023	4.2
4.2	Form of 4.750% Senior Notes due 2026 (included as Exhibit A to Exhibit 4.2)	8-K	000-20322	2/16/2023	4.3
4.3	Form of 4.800% Senior Notes due 2033 (included as Exhibit B to Exhibit 4.2)	8-K	000-20322	2/16/2023	4.4
10.1*	Starbucks Corporation Executive Severance and Change in Control Plan effective August 31, 2022 and amended on March 22, 2023	8-K	000-20322	3/28/2023	10.1
10.2	Amendment No. 1 to Credit Agreement dated April 17, 2023, among Starbucks Corporation and Bank of America, N.A. in its capacity as administrative agent for the Lenders and each of the Lenders party thereto	8-K	000-20322	4/21/2023	10.1
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 April 2, 2023, 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

* Denotes a management contract or compensatory plan or arrangement.

** 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.

May 2, 2023

 

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

43

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 April 2, 2023, 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: May 2, 2023

/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 April 2, 2023, 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: May 2, 2023

/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 April 2, 2023, as filed with the Securities and Exchange Commission on May 2, 2023 (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.

May 2, 2023

/s/ Laxman Narasimhan

Laxman Narasimhan

chief executive officer

May 2, 2023

/s/ Rachel Ruggeri

Rachel Ruggeri

executive vice president, chief financial officer

XML

Document And Entity Information - shares shares in Millions	6 Months Ended
	Apr. 02, 2023	Apr. 26, 2023
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	Apr. 02, 2023
Document Transition Report	false
Entity File Number	000-20322
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	SBUX
Entity Central Index Key	0000829224
Current Fiscal Year End Date	--10-01
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		1,146.4
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
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Total net revenues	$ 8,719.8	$ 7,635.6	$ 17,433.8	$ 15,686.0
Product and distribution costs	2,801.7	2,465.8	5,611.9	4,992.7
Store operating expenses	3,636.0	3,314.7	7,301.3	6,714.6
Other operating expenses	126.2	101.7	255.4	203.4
Depreciation and amortization expenses	341.9	367.7	669.0	733.8
General and administrative expenses	620.4	481.5	1,201.3	1,007.3
Restructuring and impairments	8.8	4.4	14.7	(3.1)
Total operating expenses	7,535.0	6,735.8	15,053.6	13,648.7
Income (Loss) from Equity Method Investments	51.4	49.1	109.2	89.4
Gain on sale of assets	91.3	0.0	91.3	0.0
Operating income	1,327.5	948.9	2,580.7	2,126.7
Interest income and other, net	18.4	46.3	30.0	46.2
Interest expense	(136.3)	(119.1)	(266.0)	(234.4)
Earnings before income taxes	1,209.6	876.1	2,344.7	1,938.5
Income tax expense	301.3	201.1	581.1	447.4
Net earnings including noncontrolling interests	908.3	675.0	1,763.6	1,491.1
Net earnings attributable to noncontrolling interests	0.0	0.5	0.0	0.7
Net earnings attributable to Starbucks	$ 908.3	$ 674.5	$ 1,763.6	$ 1,490.4
EPS — basic	$ 0.79	$ 0.59	$ 1.54	$ 1.29
EPS — diluted	$ 0.79	$ 0.58	$ 1.53	$ 1.28
Weighted average shares outstanding:
Basic	1,148.5	1,149.2	1,148.4	1,159.4
Diluted	1,152.7	1,153.9	1,152.8	1,165.2
Company-operated stores [Member]
Total net revenues	$ 7,142.3	$ 6,276.7	$ 14,225.7	$ 12,999.1
Licensed stores [Member]
Total net revenues	1,069.5	849.5	2,189.0	1,700.3
Product and Service, Other [Member]
Total net revenues	$ 508.0	$ 509.4	$ 1,019.1	$ 986.6

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Net earnings including noncontrolling interests	$ 908.3	$ 675.0	$ 1,763.6	$ 1,491.1
Other comprehensive loss, net of tax:
Other comprehensive income/(loss)	17.3	6.8	(58.4)	113.1
Comprehensive income including noncontrolling interests	925.6	681.8	1,705.2	1,604.2
Comprehensive income attributable to noncontrolling interests	0.0	0.5	0.0	0.7
Comprehensive income attributable to Starbucks	925.6	681.3	1,705.2	1,603.5
Available-for-sale Securities [Member]
Other comprehensive loss, net of tax:
Unrealized holding gains/(losses) on available-for-sale securities, before tax	3.6	(10.5)	5.6	(13.9)
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit	(0.8)	2.6	(1.3)	3.4
Cash Flow Hedging [Member]
Other comprehensive loss, net of tax:
Unrealized gains/(losses) on hedging instruments, before tax	(1.2)	67.1	(181.9)	155.8
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit	0.1	(14.2)	29.6	(26.0)
Net Investment Hedging [Member]
Other comprehensive loss, net of tax:
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	(2.7)	38.1	(67.3)	79.6
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)	0.7	(9.6)	17.0	(20.1)
Translation Adjustment [Member]
Other comprehensive loss, net of tax:
Translation adjustment and other, before tax	74.7	(38.5)	283.6	(24.3)
Translation adjustment and other, tax (expense)/benefit	0.0	0.0	0.0	0.0
Other comprehensive income/(loss)	74.7	(38.4)	283.6	(24.2)
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	(66.6)	(34.2)	(165.0)	(50.3)
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)	$ 9.5	$ 6.0	$ 21.3	$ 8.9

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Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Par value of common stock	$ 0.001	$ 0.001
Authorized shares of common stock	2,400,000,000	2,400,000,000
Common Stock, Shares, Issued	1,147,000,000	1,147,900,000
Current assets:
Cash and cash equivalents	$ 3,071.8	$ 2,818.4
Short-term investments	379.4	364.5
Accounts receivable, net	1,185.8	1,175.5
Inventories	2,000.6	2,176.6
Prepaid expenses and other current assets	408.6	483.7
Total current assets	7,046.2	7,018.7
Debt Securities, Available-for-Sale, Noncurrent	251.2	279.1
Equity investments	360.5	311.2
Property, plant and equipment, net	6,818.6	6,560.5
Operating lease, right-of-use asset	8,251.6	8,015.6
Deferred Income Tax Assets, Net	1,811.1	1,799.7
Other long-term assets	526.7	554.2
Other intangible assets	130.8	155.9
Goodwill	3,412.3	3,283.5
TOTAL ASSETS	28,609.0	27,978.4
Current liabilities:
Accounts payable	1,434.0	1,441.4
Accrued liabilities	1,970.0	2,137.1
Accrued payroll and benefits	710.9	761.7
Current portion of operating lease liability	1,269.5	1,245.7
Stored value card liability and current portion of deferred revenue	1,795.9	1,641.9
Short-term debt	52.8	175.0
Current portion of long-term debt	1,888.7	1,749.0
Total current liabilities	9,121.8	9,151.8
Long-term debt	13,544.8	13,119.9
Operating lease liability	7,753.5	7,515.2
Deferred revenue	6,200.2	6,279.7
Other long-term liabilities	488.1	610.5
Total liabilities	37,108.4	36,677.1
Shareholders' deficit:
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,147.0 and 1,147.9 shares, respectively	1.1	1.1
Additional paid-in capital	38.2	205.3
Retained deficit	(8,024.6)	(8,449.8)
Accumulated other comprehensive income/(loss)	(521.6)	(463.2)
Total shareholders’ deficit	(8,506.9)	(8,706.6)
Noncontrolling interests	7.5	7.9
Total deficit	(8,499.4)	(8,698.7)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT)	$ 28,609.0	$ 27,978.4

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Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 02, 2023	Oct. 02, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	2,400,000,000	2,400,000,000
Common stock, shares issued	1,147,000,000	1,147,900,000

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$ 1,763.6	$ 1,491.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	709.3	777.7
Deferred income taxes, net	2.6	28.4
Income earned from equity method investees	(109.9)	(118.7)
Distributions received from equity method investees	88.0	100.8
Gain on sale of assets	(91.3)	0.0
Stock-based compensation	159.3	149.2
Non-cash lease costs	584.7	670.7
Loss on retirement and impairment of assets	75.6	77.3
Other	22.6	(17.9)
Cash provided by/(used in) changes in operating assets and liabilities:
Accounts receivable	26.2	(62.1)
Inventories	194.6	(324.9)
Accounts payable	(51.2)	133.0
Deferred revenue	54.0	110.2
Operating lease liability	(621.8)	(766.3)
Other operating assets and liabilities	(445.5)	(215.7)
Net cash provided by operating activities	2,360.8	2,032.8
INVESTING ACTIVITIES:
Purchases of investments	(247.7)	(67.5)
Sales of investments	1.9	72.6
Maturities and calls of investments	270.0	55.7
Additions to property, plant and equipment	(1,002.0)	(871.9)
Proceeds from sale of assets	(110.0)	0.0
Other	(39.2)	(69.8)
Net cash used in investing activities	(907.0)	(880.9)
FINANCING ACTIVITIES:
Net (payments)/proceeds from issuance of commercial paper	(175.0)	0.0
Net proceeds from issuance of short-term debt	52.8	17.4
Repayments of short-term debt	0.0	(12.6)
Net proceeds from issuance of long-term debt	1,497.8	1,498.1
Repayments of long-term debt	(1,000.0)	0.0
Proceeds from issuance of common stock	129.8	56.3
Cash dividends paid	(1,217.4)	(1,139.2)
Repurchase of common stock	(479.3)	(3,997.5)
Minimum tax withholdings on share-based awards	(81.4)	(122.1)
Other	(10.7)	(9.2)
Net cash provided by/(used in) financing activities	(1,283.4)	(3,708.8)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	83.0	14.6
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	253.4	(2,542.3)
CASH AND CASH EQUIVALENTS:
Beginning of period	2,818.4	6,455.7
End of period	3,071.8	3,913.4
Cash paid during the period for:
Interest, net of capitalized interest	250.4	236.0
Income taxes	$ 636.8	$ 783.2

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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. 03, 2021	$ (5,314.5)	$ 1.2	$ 846.1	$ (6,315.7)	$ 147.2	$ (5,321.2)	$ 6.7
Common Stock, Shares, Outstanding, Beginning Balance at Oct. 03, 2021		1,180.0
Net earnings/(loss)	1,491.1	$ 0.0	0.0	1,490.4	0.0	1,490.4	0.7
Other comprehensive loss	113.1	0.0	0.0	0.0	113.1	113.1	0.0
Stock-based compensation expense	151.5	$ 0.0	151.5	0.0	0.0	151.5	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		3.0
Exercise of stock options/vesting of RSUs	(88.6)	$ (0.1)	(88.5)	0.0	0.0	(88.6)	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0.2
Sale of common stock	22.8	$ 0.0	22.8	0.0	0.0	22.8	0.0
Stock Repurchased and Retired During Period, Shares		(36.3)
Stock Repurchased and Retired During Period, Value	(4,013.0)	$ 0.0	(890.8)	(3,122.2)	0.0	(4,013.0)	0.0
Dividends, Cash	(1,123.0)	0.0	0.0	(1,123.0)	0.0	(1,123.0)	0.0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ (0.6)	$ 0.0	0.0	0.0	0.0	0.0	0.6
Common Stock, Dividends, Per Share, Declared	$ 0.98
Common Stock, Shares, Outstanding at Apr. 03, 2022		1,146.9
Balance, Amount at Apr. 03, 2022	$ (8,761.2)	$ 1.1	41.1	(9,070.5)	260.3	(8,768.0)	6.8
Balance, Amount at Jan. 02, 2022	(8,450.3)	$ 1.2	41.1	(8,753.0)	253.5	(8,457.2)	6.9
Common Stock, Shares, Outstanding, Beginning Balance at Jan. 02, 2022		1,151.6
Net earnings/(loss)	675.0	$ 0.0	0.0	674.5	0.0	674.5	0.5
Other comprehensive loss	6.8	0.0	0.0	0.0	6.8	6.8	0.0
Stock-based compensation expense	54.4	$ 0.0	54.4	0.0	0.0	54.4	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		0.4
Exercise of stock options/vesting of RSUs	(4.5)	$ (0.1)	(4.4)	0.0	0.0	(4.5)	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0.1
Sale of common stock	11.0	$ 0.0	11.0	0.0	0.0	11.0	0.0
Stock Repurchased and Retired During Period, Shares		(5.2)
Stock Repurchased and Retired During Period, Value	(492.1)	$ 0.0	(61.0)	(431.1)	0.0	(492.1)	0.0
Dividends, Cash	(560.9)	0.0	0.0	(560.9)	0.0	(560.9)	0.0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ (0.6)	$ 0.0	0.0	0.0	0.0	0.0	0.6
Common Stock, Dividends, Per Share, Declared	$ 0.49
Common Stock, Shares, Outstanding at Apr. 03, 2022		1,146.9
Balance, Amount at Apr. 03, 2022	$ (8,761.2)	$ 1.1	41.1	(9,070.5)	260.3	(8,768.0)	6.8
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 loss	(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
Purchase of noncontrolling interests	$ 3.4	$ 0.0	3.0	0.0	0.0	3.0	0.4
Common Stock, Dividends, Per Share, Declared	$ 1.06
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 loss	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
Purchase of noncontrolling interests	$ 3.4	$ 0.0	3.0	0.0	0.0	3.0	0.4
Common Stock, Dividends, Per Share, Declared	$ 0.53
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

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Acquisitions and Divestitures

6 Months Ended

Apr. 02, 2023

Business Combinations [Abstract]

Acquisitions and Divestitures

Acquisitions, Divestitures and Strategic Alliance

Fiscal 2023

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. Results from Seattle's Best Coffee operations prior to the sale are reported in our Channel Development operating segment.

Fiscal 2022

In the fourth quarter of fiscal 2022, we sold our Evolution Fresh brand and business to Bolthouse Farms. This transaction did not have a material impact on our consolidated financial statements.

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Derivative Financial Instruments

6 Months Ended

Apr. 02, 2023

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 and treasury locks, which are synthetic forward sales of U.S. Treasury securities settled in cash based upon the difference between an agreed-upon treasury rate and the prevailing treasury rate at settlement. These agreements are cash settled at 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 intercompany 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.

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, 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)
	Apr 2, 2023		Oct 2, 2022
Cash Flow Hedges:
Coffee	$	(89.8)	$	153.9	$	(87.7)	4
Cross-currency swaps	(1.3)		(1.9)		—		20
Dairy	(3.4)		(2.6)		(3.4)		10
Foreign currency - other	11.7		55.3		11.7		33
Interest rates	(5.3)		(5.8)		0.2		0
Net Investment Hedges:
Cross-currency swaps	46.7		67.3		—		108
Foreign currency	16.1		16.1		—		0
Foreign currency debt	86.8		125.7		—		12

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)
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Cash Flow Hedges:
Coffee	$	(0.5)	$	24.0	$	59.9	$	17.8	Product and distribution costs
Cross-currency swaps	(2.5)		4.9		(3.0)		(0.8)		Interest expense
					(0.1)		9.4		Interest income and other, net
Dairy	(2.3)		3.4		(3.3)		2.9		Product and distribution costs
Foreign currency - other	3.8		0.7		4.0		2.4		Licensed stores revenue
					2.2		(0.3)		Product and distribution costs
Interest rates	0.3		34.1		0.2		(0.5)		Interest expense
Net Investment Hedges:
Cross-currency swaps	(1.1)		(2.1)		7.0		3.5		Interest expense
Foreign currency debt	(1.6)		40.2		—		—
	Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Cash Flow Hedges:
Coffee	$	(119.9)	$	95.5	$	156.6	$	24.3	Product and distribution costs
Cross-currency swaps	(14.2)		9.4		(5.7)		(1.6)		Interest expense
					(9.2)		16.3		Interest income and other, net
Dairy	(5.9)		8.0		(4.8)		2.5		Product and distribution costs
Foreign currency - other	(42.2)		7.6		11.9		4.5		Licensed stores revenue
					4.4		(1.7)		Product and distribution costs
					0.2		—		Interest income and other, net
Interest rates	0.3		35.3		(0.3)		(0.9)		Interest expense
Net Investment Hedges:
Cross-currency swaps	(15.1)		14.2		12.3		6.9		Interest expense
Foreign currency debt	(52.2)		65.4		—		—

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
		Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	—	$	0.1	$	—	$	0.1
Foreign currency - other	Interest income and other, net	1.6		11.6		(10.0)		21.8
Coffee	Interest income and other, net	—		6.2		(5.5)		9.3
Diesel fuel and other commodities	Interest income and other, net	(1.7)		0.7		(1.9)		0.7
Fair Value Hedges:
Interest rate swap	Interest expense	4.7		(21.3)		3.1		(26.1)
Long-term debt (hedged item)	Interest expense	(12.1)		24.8		(15.4)		33.0

Notional amounts of outstanding derivative contracts (in millions):

	Apr 2, 2023		Oct 2, 2022
Coffee	$	186	$	649
Cross-currency swaps	1,108		741
Dairy	77		94
Diesel fuel and other commodities	25		33
Foreign currency - other	1,194		1,269
Interest rate swaps	1,100		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	Apr 2, 2023		Oct 2, 2022
Designated Derivative Instruments:
Cross-currency swaps	Other long-term assets	$	81.9	$	115.4
Dairy	Prepaid expenses and other current assets	0.1		0.5
Foreign currency - other	Prepaid expenses and other current assets	19.9		39.9
	Other long-term assets	10.9		33.5
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Prepaid expenses and other current assets	0.1		0.4
Foreign currency	Prepaid expenses and other current assets	4.1		34.3
	Other long-term assets	—		7.3
		Derivative Liabilities
	Balance Sheet Location	Apr 2, 2023		Oct 2, 2022
Designated Derivative Instruments:
Cross-currency swaps	Other long-term liabilities	$	8.8	$	—
Dairy	Accrued liabilities	1.8		2.9
Foreign currency - other	Accrued liabilities	7.9		0.3
	Other long-term liabilities	8.1		—
Interest rate swaps	Accrued liabilities	10.0		12.0
	Other long-term liabilities	25.9		34.0
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Accrued liabilities	1.3		—
Foreign currency	Accrued liabilities	1.6		5.8

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
	Apr 2, 2023		Oct 2, 2022		Apr 2, 2023		Oct 2, 2022
Location on the balance sheet
Long-term debt	$	1,063.1	$	1,047.7	$	(36.9)	$	(52.3)

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

Apr. 02, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value MeasurementsAssets and liabilities measured at fair value on a recurring basis (in millions):

			Fair Value Measurements at Reporting Date Using
	Balance at April 2, 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	$	3,071.8	$	3,071.8	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	0.1		—		0.1		—
Corporate debt securities	53.2		—		53.2		—
U.S. government treasury securities	5.4		5.4		—		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	0.7		—		0.7		—
Total available-for-sale debt securities	63.2		5.4		57.8		—
Structured deposits	248.4		—		248.4		—
Marketable equity securities	67.8		67.8		—		—
Total short-term investments	379.4		73.2		306.2		—
Prepaid expenses and other current assets:
Derivative assets	24.2		—		24.2		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	101.0		—		101.0		—
Mortgage and other asset-backed securities	50.7		—		50.7		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	98.2		98.2		—		—
Total long-term investments	251.2		98.2		153.0		—
Other long-term assets:
Derivative assets	92.8		—		92.8		—
Total assets	$	3,819.4	$	3,243.2	$	576.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	22.6	$	—	$	22.6	$	—
Other long-term liabilities:
Derivative liabilities	42.8		—		42.8		—
Total liabilities	$	65.4	$	—	$	65.4	$	—

			Fair Value Measurements at Reporting Date Using
	Balance at October 2, 2022		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	$	2,818.4	$	2,797.3	$	21.1	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	22.4		—		22.4		—
U.S. government treasury securities	9.3		9.3		—		—
Total available-for-sale debt securities	31.7		9.3		22.4		—
Structured deposits	275.1		—		275.1		—
Marketable equity securities	57.7		57.7		—		—
Total short-term investments	364.5		67.0		297.5		—
Prepaid expenses and other current assets:
Derivative assets	75.1		—		75.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	134.7		—		134.7		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	56.5		—		56.5		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	82.8		82.8		—		—
Total long-term investments	279.1		82.8		196.3		—
Other long-term assets:
Derivative assets	156.2		—		156.2		—
Total assets	$	3,693.3	$	2,947.1	$	746.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	21.0	$	—	$	21.0	$	—
Other long-term liabilities:
Derivative liabilities	34.0		—		34.0		—
Total liabilities	$	55.0	$	—	$	55.0	$	—

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 April 2, 2023 and October 2, 2022.

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 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 April 2, 2023 and April 3, 2022.

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Inventories

6 Months Ended

Apr. 02, 2023

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Inventories (in millions):

	Apr 2, 2023		Oct 2, 2022
Coffee:
Unroasted	$	944.2	$	1,018.6
Roasted	279.4		310.3
Other merchandise held for sale	376.1		430.9
Packaging and other supplies	400.9		416.8
Total	$	2,000.6	$	2,176.6

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 April 2, 2023, we had committed to purchasing green coffee totaling $408.4 million under fixed-price contracts and an estimated $828.3 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

Apr. 02, 2023

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

	Apr 2, 2023		Oct 2, 2022
Land	$	46.1	$	46.1
Buildings	567.3		555.4
Leasehold improvements	9,578.2		9,066.8
Store equipment	3,179.2		3,018.2
Roasting equipment	816.3		838.5
Furniture, fixtures and other	1,609.4		1,526.1
Work in progress	654.4		558.7
Property, plant and equipment, gross	16,450.9		15,609.8
Accumulated depreciation	(9,632.3)		(9,049.3)
Property, plant and equipment, net	$	6,818.6	$	6,560.5

Accrued Liabilities

	Apr 2, 2023		Oct 2, 2022
Accrued occupancy costs	$	82.8	$	84.6
Accrued dividends payable	607.8		608.3
Accrued capital and other operating expenditures	686.3		878.1
Self-insurance reserves	248.7		232.3
Income taxes payable	150.6		139.2
Accrued business taxes	193.8		194.6
Total accrued liabilities	$	1,970.0	$	2,137.1

Store Operating Expenses

	Quarter Ended				Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Wages and benefits	$	2,174.3	$	2,018.3	$	4,389.9	$	4,029.0
Occupancy costs	703.4		664.9		1,374.9		1,330.2
Other expenses	758.3		631.5		1,536.5		1,355.4
Total store operating expenses	$	3,636.0	$	3,314.7	$	7,301.3	$	6,714.6

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Other Intangible Assets and Goodwill

6 Months Ended

Apr. 02, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Apr 2, 2023		Oct 2, 2022
Trade names, trademarks and patents	$	79.7	$	97.5

Finite-Lived Intangible Assets

	Apr 2, 2023						Oct 2, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,025.9	$	(1,025.9)	$	—	$	990.0	$	(990.0)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.3)		0.3
Trade names, trademarks and patents	130.9		(82.6)		48.3		124.6		(69.6)		55.0
Licensing agreements	18.4		(15.6)		2.8		19.3		(16.2)		3.1
Other finite-lived intangible assets	21.3		(21.3)		—		20.6		(20.6)		—
Total finite-lived intangible assets	$	1,224.1	$	(1,173.0)	$	51.1	$	1,182.1	$	(1,123.7)	$	58.4

Amortization expense for finite-lived intangible assets was $5.3 million and $10.9 million for the quarter and two quarters ended April 2, 2023, respectively and $49.2 million and $99.4 million for the quarter and two quarters ended April 3, 2022, respectively.

Estimated future amortization expense as of April 2, 2023 (in millions):

Fiscal Year	Total
2023 (excluding the two quarters ended April 2, 2023)	$	10.3
2024	20.5
2025	14.5
2026	1.8
2027	1.5
Thereafter	2.5
Total estimated future amortization expense	$	51.1

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 2, 2022	$	491.1	$	2,756.7	$	34.7	$	1.0	$	3,283.5
Other(1)	0.3		128.5		—		—		128.8
Goodwill balance at April 2, 2023	$	491.4	$	2,885.2	$	34.7	$	1.0	$	3,412.3

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

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Debt

3 Months Ended

Apr. 02, 2023

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 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 bear interest at a variable rate based on LIBOR, 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 2021 credit facility contains alternative interest rate provisions specifying rate calculations to be used at such time LIBOR ceases to be available as a benchmark due to reference rate reform. 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) the Eurocurrency Rate (as defined in the 2021 credit facility) plus 1.000%.

On April 17, 2023, Starbucks amended the 2021 credit facility to replace LIBOR with Term SOFR (Secured Overnight Financing Rate) as a successor rate. All other material terms and conditions of the 2021 credit facility were unchanged. Borrowings under the amended 2021 credit facility 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 April 2, 2023, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of April 2, 2023 or October 2, 2022.

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. As of April 2, 2023, we had no borrowings outstanding under the program. As of October 2, 2022, we had $175.0 million in borrowings outstanding under this program.

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 billion, or $37.7 million, credit facility is currently set to mature on January 4, 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 billion, or $75.4 million, credit facility is currently set to mature on March 27, 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 0.300%.

As of April 2, 2023, we had ¥7 billion, or $52.8 million, of borrowings outstanding under these credit facilities. As of October 2, 2022, we had no 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):

	Apr 2, 2023				Oct 2, 2022				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
March 2023 notes	$	—	$	—	$	1,000.0	$	996.5	3.100	%	3.107	%
October 2023 notes(2)	750.0		746.4		750.0		744.8		3.850	%	2.859	%
February 2024 notes(3)	500.0		497.0		500.0		497.3		5.147	%	5.378	%
March 2024 notes(4)	640.6		643.3		588.4		584.7		0.372	%	0.462	%
August 2025 notes	1,250.0		1,230.2		1,250.0		1,209.6		3.800	%	3.721	%
February 2026 notes	1,000.0		1,008.8		—		—		4.750	%	4.788	%
June 2026 notes	500.0		469.2		500.0		458.3		2.450	%	2.511	%
March 2027 notes	500.0		455.1		500.0		437.9		2.000	%	2.058	%
March 2028 notes	600.0		578.0		600.0		554.8		3.500	%	3.529	%
November 2028 notes	750.0		731.6		750.0		704.7		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		947.8		1,000.0		900.3		3.550	%	3.840	%
March 2030 notes	750.0		647.3		750.0		607.7		2.250	%	3.084	%
November 2030 notes	1,250.0		1,087.3		1,250.0		1,017.9		2.550	%	2.582	%
February 2032 notes	1,000.0		889.3		1,000.0		827.1		3.000	%	3.155	%
February 2033 notes	500.0		508.8		—		—		4.800	%	3.798	%
June 2045 notes	350.0		310.3		350.0		281.5		4.300	%	4.348	%
December 2047 notes	500.0		403.7		500.0		369.6		3.750	%	3.765	%
November 2048 notes	1,000.0		905.5		1,000.0		824.6		4.500	%	4.504	%
August 2049 notes	1,000.0		904.8		1,000.0		817.8		4.450	%	4.447	%
March 2050 notes	500.0		374.2		500.0		342.0		3.350	%	3.362	%
November 2050 notes	1,250.0		974.1		1,250.0		874.9		3.500	%	3.528	%
Total	15,590.6		14,312.7		15,038.4		13,052.0
Aggregate debt issuance costs and unamortized premium/(discount), net	(120.2)				(117.2)
Hedge accounting fair value adjustment(2)	(36.9)				(52.3)
Total	$	15,433.5			$	14,868.9

(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 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swaps designated as fair value hedges.

(3)Floating rate notes which 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 5.147% at April 2, 2023.

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

The following table summarizes our long-term debt maturities as of April 2, 2023 by fiscal year (in millions):

Fiscal Year	Total
2023	$	750.0
2024	1,140.6
2025	1,250.0
2026	1,500.0
2027	500.0
Thereafter	10,450.0
Total	$	15,590.6

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Leases

6 Months Ended

Apr. 02, 2023

Leases [Abstract]

Leases

Leases

The components of lease costs (in millions):

	Quarter Ended				Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Operating lease costs(1)	$	401.7	$	393.4	$	786.5	$	779.5
Variable lease costs	253.9		235.8		489.2		465.6
Short-term lease costs	7.0		7.1		14.0		14.2
Total lease costs	$	662.6	$	636.3	$	1,289.7	$	1,259.3

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

The following table includes supplemental information (in millions):

	Two Quarters Ended
	Apr 2, 2023			Apr 3, 2022
Cash paid related to operating lease liabilities	$	819.0		$	845.5
Operating lease liabilities arising from obtaining ROU assets	828.0			710.6
	Apr 2, 2023			Apr 3, 2022
Weighted-average remaining operating lease term	8.5 years			8.5 years
Weighted-average operating lease discount rate	2.9		%	2.5		%

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 April 2, 2023 and October 2, 2022.

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

Fiscal Year	Total
2023 (excluding the two quarters ended April 2, 2023)	$	771.8
2024	1,522.4
2025	1,432.2
2026	1,279.2
2027	1,090.0
Thereafter	4,183.1
Total lease payments	10,278.7
Less imputed interest	(1,255.7)
Total	$	9,023.0

As of April 2, 2023, we have entered into operating leases that have not yet commenced of $1.3 billion, primarily related to real estate leases. These leases will commence between fiscal year 2023 and fiscal year 2029 with lease terms ranging from three to twenty years.

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Deferred Revenue

3 Months Ended

Apr. 02, 2023

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 April 2, 2023, the current and long-term deferred revenue related to Nestlé was $177.0 million and $6.1 billion, respectively. As of October 2, 2022, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $6.2 billion, respectively. During the quarter and two quarters ended April 2, 2023, we recognized $44.1 million and $88.2 million of prepaid royalty revenue related to Nestlé. During the quarter and two quarters ended April 3, 2022, we recognized $44.2 million and $88.4 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 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
Quarter Ended April 3, 2022	Total
Stored value cards and loyalty program at January 2, 2022	$	1,952.5
Revenue deferred - card activations, card reloads and Stars earned	3,124.0
Revenue recognized - card and Stars redemptions and breakage	(3,426.3)
Other(1)	(5.0)
Stored value cards and loyalty program at April 3, 2022(2)	$	1,645.2
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
Two Quarters Ended April 3, 2022	Total
Stored value cards and loyalty program at October 3, 2021	$	1,448.5
Revenue deferred - card activations, card reloads and Stars earned	7,041.5
Revenue recognized - card and Stars redemptions and breakage	(6,837.1)
Other(1)	(7.7)
Stored value cards and loyalty program at April 3, 2022(2)	$	1,645.2

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

(2)As of April 2, 2023 and April 3, 2022, approximately $1.6 billion and $1.5 billion of these amounts were current, respectively.

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Equity

6 Months Ended

Apr. 02, 2023

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
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)
April 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	(1.2)	$	224.6	$	77.1	$	(47.0)	$	253.5
Net gains/(losses) recognized in OCI before reclassifications	(7.9)		52.9		28.5		(38.5)		35.0
Net (gains)/losses reclassified from AOCI to earnings	0.1		(25.8)		(2.6)		0.1		(28.2)
Other comprehensive income/(loss) attributable to Starbucks	(7.8)		27.1		25.9		(38.4)		6.8
Net gains/(losses) in AOCI, end of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3
Two Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
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)
April 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	1.5	$	158.3	$	48.6	$	(61.2)	$	147.2
Net gains/(losses) recognized in OCI before reclassifications	(10.5)		129.8		59.5		(24.3)		154.5
Net (gains)/losses reclassified from AOCI to earnings	—		(36.4)		(5.1)		0.1		(41.4)
Other comprehensive income/(loss) attributable to Starbucks	(10.5)		93.4		54.4		(24.2)		113.1
Net gains/(losses) in AOCI, end of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3

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
	Apr 2, 2023		Apr 3, 2022
Gains/(losses) on available-for-sale debt securities	$	(0.3)	$	(0.2)	Interest income and other, net
Gains/(losses) on cash flow hedges	59.9		30.9		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	7.0		3.5		Interest expense
	66.6		34.2		Total before tax
	(9.5)		(6.0)		Tax expense
	$	57.1	$	28.2	Net of tax
Two Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Apr 2, 2023		Apr 3, 2022
Gains/(losses) on available-for-sale debt securities	$	(0.4)	$	—	Interest income and other, net
Gains/(losses) on cash flow hedges	153.1		43.4		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	12.3		6.9		Interest expense
	165.0		50.3		Total before tax
	(21.3)		(8.9)		Tax expense
	$	143.7	$	41.4	Net of tax

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of April 2, 2023.

During the two quarters ended April 2, 2023 and April 3, 2022, we repurchased 4.9 million and 36.3 million shares of common stock for $495.3 million and $4,013.0 million, respectively. As of April 2, 2023, 47.7 million shares remained available for repurchase under current authorizations.

During the second quarter of fiscal 2023, our Board of Directors approved a quarterly cash dividend to shareholders of $0.53 per share to be paid on May 26, 2023 to shareholders of record as of the close of business on May 12, 2023.

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Employee Stock Plans

6 Months Ended

Apr. 02, 2023

Share-Based Payment Arrangement [Abstract]

Employee Stock Plans

Employee Stock Plans

As of April 2, 2023, there were 92.3 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 10.5 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
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Restricted Stock Units (“RSUs”)	$	74.1	$	54.1	$	159.2	$	149.8
Options	0.0		(0.6)		0.1		(0.5)
Total stock-based compensation expense	$	74.1	$	53.5	$	159.3	$	149.3

Stock option and RSU transactions from October 2, 2022 through April 2, 2023 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 2, 2022	4.1		7.0
Granted	—		4.1
Options exercised/RSUs vested	(1.9)		(2.7)
Forfeited/expired	—		(0.6)
Options outstanding/Nonvested RSUs, April 2, 2023	2.2		7.8
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of April 2, 2023	$	—	$	278.5

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Earnings Per Share

6 Months Ended

Apr. 02, 2023

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
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Net earnings attributable to Starbucks	$	908.3	$	674.5	$	1,763.6	$	1,490.4
Weighted average common shares outstanding (for basic calculation)	1,148.5		1,149.2		1,148.4		1,159.4
Dilutive effect of outstanding common stock options and RSUs	4.2		4.7		4.4		5.8
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,152.7		1,153.9		1,152.8		1,165.2
EPS — basic	$	0.79	$	0.59	$	1.54	$	1.29
EPS — diluted	$	0.79	$	0.58	$	1.53	$	1.28

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

Apr. 02, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

Legal Proceedings

In 2010 and 2011, an organization named Council for Education and Research on Toxics (“Plaintiff”) filed lawsuits in the Superior Court of the State of California, County of Los Angeles, against the Company and other companies who manufacture, package, distribute or sell brewed coffee. The suits were later consolidated into a single action. Plaintiff alleged that the Company and the other defendants failed to provide warnings for their coffee products of exposure to the chemical acrylamide as required under California Health and Safety Code section 25249.5, the California Safe Drinking Water and Toxic Enforcement Act of 1986, better known as Proposition 65. In 2020, the trial court granted defendants’ motion for summary judgment, which was affirmed by the California Court of Appeal. The California Supreme Court denied Plaintiff’s petition for review on February 15, 2023, concluding the matter.

Starbucks is involved in various other legal proceedings arising in the ordinary course of business, including 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.

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Segment Reporting

6 Months Ended

Apr. 02, 2023

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
	Apr 2, 2023				Apr 3, 2022				Apr 2, 2023				Apr 3, 2022
Beverage(1)	$	5,226.9	60	%	$	4,599.0	60	%	$	10,401.4	60	%	$	9,497.4	60	%
Food(2)	1,590.9		18	%	1,364.3		18	%	3,157.0		18	%	2,798.9		18	%
Other(3)	1,902.0		22	%	1,672.3		22	%	3,875.4		22	%	3,389.7		22	%
Total	$	8,719.8	100	%	$	7,635.6	100	%	$	17,433.8	100	%	$	15,686.0	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, serveware and ready-to-drink beverages, among other items.

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

Quarter Ended

	North America		International		Channel Development		Corporate and Other		Total
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
April 3, 2022
Total net revenues	$	5,445.7	$	1,702.4	$	463.1	$	24.4	$	7,635.6
Depreciation and amortization expenses	202.0		133.4		—		32.3		367.7
Income from equity investees	—		0.6		48.5		—		49.1
Operating income/(loss)	931.5		180.7		197.9		(361.2)		948.9
Two Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
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
April 3, 2022
Total net revenues	$	11,178.0	$	3,578.4	$	880.1	$	49.5	$	15,686.0
Depreciation and amortization expenses	402.1		266.5		—		65.2		733.8
Income from equity investees	—		1.3		88.1		—		89.4
Operating income/(loss)	2,014.6		480.3		381.1		(749.3)		2,126.7

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Apr. 02, 2023

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 April 2, 2023, and for the quarters and two quarters ended April 2, 2023 and April 3, 2022, 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 April 2, 2023 and April 3, 2022 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 2, 2022 is derived from our audited consolidated financial statements and notes for the fiscal year ended October 2, 2022 (“fiscal 2022”) included in Item 8 in the Fiscal 2022 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 April 2, 2023 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 1, 2023 (“fiscal 2023”).

The novel coronavirus, known as the global COVID-19 pandemic, was first identified in December 2019 before spreading to markets where we have company-operated or licensed stores. We have since established the necessary protocols to operate safely, and in many of our markets, our businesses demonstrated powerful momentum beyond recovery from the COVID-19 pandemic. During the quarter ended April 2, 2023, our China market began recovering from pandemic-related business interruptions in previous quarters that had suppressed customer mobility. We continue to monitor the COVID-19 pandemic and its effect on our business and results of operations; however, we cannot predict the duration, scope or severity of the COVID-19 pandemic or its future impact on our business, results of operations, cash flows and financial condition.

Restructuring

In fiscal 2022, we announced our plan in the U.S. market to increase efficiency while elevating the partner and customer experience (the “Reinvention Plan”). We believe the company-operated market investments in partner wages and trainings have increased retention and productivity while the acceleration of purpose-built store concepts and innovations in technologies will provide additional convenience and connection with our customers. As a result of the restructuring efforts in connection with the Reinvention Plan, we recorded an immaterial charge on our consolidated statements of earnings during the quarter and two quarters ended April 2, 2023. Future restructuring and impairment costs attributable to our Reinvention Plan are not expected to be material.

As of April 2, 2023 and October 2, 2022, there were no material restructuring-related accrued liabilities on our consolidated balance sheets.

Recent Accounting Pronouncements (Policies)

Recently Adopted Accounting Pronouncements

In the first quarter of fiscal 2022, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance related to reference rate reform. The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2024. The adoption of the new guidance did not have a material impact on our financial statements.

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Derivative Financial Instruments (Tables)

6 Months Ended

Apr. 02, 2023

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)
	Apr 2, 2023		Oct 2, 2022
Cash Flow Hedges:
Coffee	$	(89.8)	$	153.9	$	(87.7)	4
Cross-currency swaps	(1.3)		(1.9)		—		20
Dairy	(3.4)		(2.6)		(3.4)		10
Foreign currency - other	11.7		55.3		11.7		33
Interest rates	(5.3)		(5.8)		0.2		0
Net Investment Hedges:
Cross-currency swaps	46.7		67.3		—		108
Foreign currency	16.1		16.1		—		0
Foreign currency debt	86.8		125.7		—		12

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)
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Cash Flow Hedges:
Coffee	$	(0.5)	$	24.0	$	59.9	$	17.8	Product and distribution costs
Cross-currency swaps	(2.5)		4.9		(3.0)		(0.8)		Interest expense
					(0.1)		9.4		Interest income and other, net
Dairy	(2.3)		3.4		(3.3)		2.9		Product and distribution costs
Foreign currency - other	3.8		0.7		4.0		2.4		Licensed stores revenue
					2.2		(0.3)		Product and distribution costs
Interest rates	0.3		34.1		0.2		(0.5)		Interest expense
Net Investment Hedges:
Cross-currency swaps	(1.1)		(2.1)		7.0		3.5		Interest expense
Foreign currency debt	(1.6)		40.2		—		—
	Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Cash Flow Hedges:
Coffee	$	(119.9)	$	95.5	$	156.6	$	24.3	Product and distribution costs
Cross-currency swaps	(14.2)		9.4		(5.7)		(1.6)		Interest expense
					(9.2)		16.3		Interest income and other, net
Dairy	(5.9)		8.0		(4.8)		2.5		Product and distribution costs
Foreign currency - other	(42.2)		7.6		11.9		4.5		Licensed stores revenue
					4.4		(1.7)		Product and distribution costs
					0.2		—		Interest income and other, net
Interest rates	0.3		35.3		(0.3)		(0.9)		Interest expense
Net Investment Hedges:
Cross-currency swaps	(15.1)		14.2		12.3		6.9		Interest expense
Foreign currency debt	(52.2)		65.4		—		—

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
		Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	—	$	0.1	$	—	$	0.1
Foreign currency - other	Interest income and other, net	1.6		11.6		(10.0)		21.8
Coffee	Interest income and other, net	—		6.2		(5.5)		9.3
Diesel fuel and other commodities	Interest income and other, net	(1.7)		0.7		(1.9)		0.7
Fair Value Hedges:
Interest rate swap	Interest expense	4.7		(21.3)		3.1		(26.1)
Long-term debt (hedged item)	Interest expense	(12.1)		24.8		(15.4)		33.0

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Apr 2, 2023		Oct 2, 2022
Coffee	$	186	$	649
Cross-currency swaps	1,108		741
Dairy	77		94
Diesel fuel and other commodities	25		33
Foreign currency - other	1,194		1,269
Interest rate swaps	1,100		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	Apr 2, 2023		Oct 2, 2022
Designated Derivative Instruments:
Cross-currency swaps	Other long-term assets	$	81.9	$	115.4
Dairy	Prepaid expenses and other current assets	0.1		0.5
Foreign currency - other	Prepaid expenses and other current assets	19.9		39.9
	Other long-term assets	10.9		33.5
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Prepaid expenses and other current assets	0.1		0.4
Foreign currency	Prepaid expenses and other current assets	4.1		34.3
	Other long-term assets	—		7.3
		Derivative Liabilities
	Balance Sheet Location	Apr 2, 2023		Oct 2, 2022
Designated Derivative Instruments:
Cross-currency swaps	Other long-term liabilities	$	8.8	$	—
Dairy	Accrued liabilities	1.8		2.9
Foreign currency - other	Accrued liabilities	7.9		0.3
	Other long-term liabilities	8.1		—
Interest rate swaps	Accrued liabilities	10.0		12.0
	Other long-term liabilities	25.9		34.0
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Accrued liabilities	1.3		—
Foreign currency	Accrued liabilities	1.6		5.8

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
	Apr 2, 2023		Oct 2, 2022		Apr 2, 2023		Oct 2, 2022
Location on the balance sheet
Long-term debt	$	1,063.1	$	1,047.7	$	(36.9)	$	(52.3)

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Fair Value Measurements (Tables)

6 Months Ended

Apr. 02, 2023

Apr. 03, 2022

Fair Value Disclosures [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

			Fair Value Measurements at Reporting Date Using
	Balance at April 2, 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	$	3,071.8	$	3,071.8	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	0.1		—		0.1		—
Corporate debt securities	53.2		—		53.2		—
U.S. government treasury securities	5.4		5.4		—		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	0.7		—		0.7		—
Total available-for-sale debt securities	63.2		5.4		57.8		—
Structured deposits	248.4		—		248.4		—
Marketable equity securities	67.8		67.8		—		—
Total short-term investments	379.4		73.2		306.2		—
Prepaid expenses and other current assets:
Derivative assets	24.2		—		24.2		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	101.0		—		101.0		—
Mortgage and other asset-backed securities	50.7		—		50.7		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	98.2		98.2		—		—
Total long-term investments	251.2		98.2		153.0		—
Other long-term assets:
Derivative assets	92.8		—		92.8		—
Total assets	$	3,819.4	$	3,243.2	$	576.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	22.6	$	—	$	22.6	$	—
Other long-term liabilities:
Derivative liabilities	42.8		—		42.8		—
Total liabilities	$	65.4	$	—	$	65.4	$	—

			Fair Value Measurements at Reporting Date Using
	Balance at October 2, 2022		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	$	2,818.4	$	2,797.3	$	21.1	$	—
Short-term investments:
Available-for-sale debt securities
Corporate debt securities	22.4		—		22.4		—
U.S. government treasury securities	9.3		9.3		—		—
Total available-for-sale debt securities	31.7		9.3		22.4		—
Structured deposits	275.1		—		275.1		—
Marketable equity securities	57.7		57.7		—		—
Total short-term investments	364.5		67.0		297.5		—
Prepaid expenses and other current assets:
Derivative assets	75.1		—		75.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	134.7		—		134.7		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	56.5		—		56.5		—
State and local government obligations	1.3		—		1.3		—
U.S. government treasury securities	82.8		82.8		—		—
Total long-term investments	279.1		82.8		196.3		—
Other long-term assets:
Derivative assets	156.2		—		156.2		—
Total assets	$	3,693.3	$	2,947.1	$	746.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	21.0	$	—	$	21.0	$	—
Other long-term liabilities:
Derivative liabilities	34.0		—		34.0		—
Total liabilities	$	55.0	$	—	$	55.0	$	—

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Inventories (Tables)

6 Months Ended

Apr. 02, 2023

Inventory Disclosure [Abstract]

Inventories

	Apr 2, 2023		Oct 2, 2022
Coffee:
Unroasted	$	944.2	$	1,018.6
Roasted	279.4		310.3
Other merchandise held for sale	376.1		430.9
Packaging and other supplies	400.9		416.8
Total	$	2,000.6	$	2,176.6

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Supplemental Balance Sheet and Statement of Earnings Information (Tables)

6 Months Ended

Apr. 02, 2023

Balance Sheet Related Disclosures [Abstract]

Property, Plant And Equipment, net

Property, Plant and Equipment, net

	Apr 2, 2023		Oct 2, 2022
Land	$	46.1	$	46.1
Buildings	567.3		555.4
Leasehold improvements	9,578.2		9,066.8
Store equipment	3,179.2		3,018.2
Roasting equipment	816.3		838.5
Furniture, fixtures and other	1,609.4		1,526.1
Work in progress	654.4		558.7
Property, plant and equipment, gross	16,450.9		15,609.8
Accumulated depreciation	(9,632.3)		(9,049.3)
Property, plant and equipment, net	$	6,818.6	$	6,560.5

Accrued Liabilities

Accrued Liabilities

	Apr 2, 2023		Oct 2, 2022
Accrued occupancy costs	$	82.8	$	84.6
Accrued dividends payable	607.8		608.3
Accrued capital and other operating expenditures	686.3		878.1
Self-insurance reserves	248.7		232.3
Income taxes payable	150.6		139.2
Accrued business taxes	193.8		194.6
Total accrued liabilities	$	1,970.0	$	2,137.1

Income Statement Related Disclosures [Abstract]

Store Operating Expenses

Store Operating Expenses

	Quarter Ended				Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Wages and benefits	$	2,174.3	$	2,018.3	$	4,389.9	$	4,029.0
Occupancy costs	703.4		664.9		1,374.9		1,330.2
Other expenses	758.3		631.5		1,536.5		1,355.4
Total store operating expenses	$	3,636.0	$	3,314.7	$	7,301.3	$	6,714.6

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Other Intangible Assets and Goodwill (Tables)

6 Months Ended

Apr. 02, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Indefinite-Lived Intangible Assets

(in millions)	Apr 2, 2023		Oct 2, 2022
Trade names, trademarks and patents	$	79.7	$	97.5

Finite-Lived Intangible Assets

	Apr 2, 2023						Oct 2, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,025.9	$	(1,025.9)	$	—	$	990.0	$	(990.0)	$	—
Acquired trade secrets and processes	27.6		(27.6)		—		27.6		(27.3)		0.3
Trade names, trademarks and patents	130.9		(82.6)		48.3		124.6		(69.6)		55.0
Licensing agreements	18.4		(15.6)		2.8		19.3		(16.2)		3.1
Other finite-lived intangible assets	21.3		(21.3)		—		20.6		(20.6)		—
Total finite-lived intangible assets	$	1,224.1	$	(1,173.0)	$	51.1	$	1,182.1	$	(1,123.7)	$	58.4

Estimated Future Amortization Expense

Estimated future amortization expense as of April 2, 2023 (in millions):

Fiscal Year	Total
2023 (excluding the two quarters ended April 2, 2023)	$	10.3
2024	20.5
2025	14.5
2026	1.8
2027	1.5
Thereafter	2.5
Total estimated future amortization expense	$	51.1

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 2, 2022	$	491.1	$	2,756.7	$	34.7	$	1.0	$	3,283.5
Other(1)	0.3		128.5		—		—		128.8
Goodwill balance at April 2, 2023	$	491.4	$	2,885.2	$	34.7	$	1.0	$	3,412.3

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

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Debt (Tables)

6 Months Ended

Apr. 02, 2023

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):

	Apr 2, 2023				Oct 2, 2022				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
March 2023 notes	$	—	$	—	$	1,000.0	$	996.5	3.100	%	3.107	%
October 2023 notes(2)	750.0		746.4		750.0		744.8		3.850	%	2.859	%
February 2024 notes(3)	500.0		497.0		500.0		497.3		5.147	%	5.378	%
March 2024 notes(4)	640.6		643.3		588.4		584.7		0.372	%	0.462	%
August 2025 notes	1,250.0		1,230.2		1,250.0		1,209.6		3.800	%	3.721	%
February 2026 notes	1,000.0		1,008.8		—		—		4.750	%	4.788	%
June 2026 notes	500.0		469.2		500.0		458.3		2.450	%	2.511	%
March 2027 notes	500.0		455.1		500.0		437.9		2.000	%	2.058	%
March 2028 notes	600.0		578.0		600.0		554.8		3.500	%	3.529	%
November 2028 notes	750.0		731.6		750.0		704.7		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		947.8		1,000.0		900.3		3.550	%	3.840	%
March 2030 notes	750.0		647.3		750.0		607.7		2.250	%	3.084	%
November 2030 notes	1,250.0		1,087.3		1,250.0		1,017.9		2.550	%	2.582	%
February 2032 notes	1,000.0		889.3		1,000.0		827.1		3.000	%	3.155	%
February 2033 notes	500.0		508.8		—		—		4.800	%	3.798	%
June 2045 notes	350.0		310.3		350.0		281.5		4.300	%	4.348	%
December 2047 notes	500.0		403.7		500.0		369.6		3.750	%	3.765	%
November 2048 notes	1,000.0		905.5		1,000.0		824.6		4.500	%	4.504	%
August 2049 notes	1,000.0		904.8		1,000.0		817.8		4.450	%	4.447	%
March 2050 notes	500.0		374.2		500.0		342.0		3.350	%	3.362	%
November 2050 notes	1,250.0		974.1		1,250.0		874.9		3.500	%	3.528	%
Total	15,590.6		14,312.7		15,038.4		13,052.0
Aggregate debt issuance costs and unamortized premium/(discount), net	(120.2)				(117.2)
Hedge accounting fair value adjustment(2)	(36.9)				(52.3)
Total	$	15,433.5			$	14,868.9

(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 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swaps designated as fair value hedges.

(3)Floating rate notes which 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 5.147% at April 2, 2023.

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

Long-Term Debt Maturities

The following table summarizes our long-term debt maturities as of April 2, 2023 by fiscal year (in millions):

Fiscal Year	Total
2023	$	750.0
2024	1,140.6
2025	1,250.0
2026	1,500.0
2027	500.0
Thereafter	10,450.0
Total	$	15,590.6

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Leases (Tables)

6 Months Ended

Apr. 02, 2023

Leases [Abstract]

Lease, Cost

The components of lease costs (in millions):

	Quarter Ended				Two Quarters Ended
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Operating lease costs(1)	$	401.7	$	393.4	$	786.5	$	779.5
Variable lease costs	253.9		235.8		489.2		465.6
Short-term lease costs	7.0		7.1		14.0		14.2
Total lease costs	$	662.6	$	636.3	$	1,289.7	$	1,259.3

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

Supplemental Lease Disclosure

The following table includes supplemental information (in millions):

	Two Quarters Ended
	Apr 2, 2023			Apr 3, 2022
Cash paid related to operating lease liabilities	$	819.0		$	845.5
Operating lease liabilities arising from obtaining ROU assets	828.0			710.6
	Apr 2, 2023			Apr 3, 2022
Weighted-average remaining operating lease term	8.5 years			8.5 years
Weighted-average operating lease discount rate	2.9		%	2.5		%

Schedule of Future Minimum Rental Payments for Operating Leases

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

Fiscal Year	Total
2023 (excluding the two quarters ended April 2, 2023)	$	771.8
2024	1,522.4
2025	1,432.2
2026	1,279.2
2027	1,090.0
Thereafter	4,183.1
Total lease payments	10,278.7
Less imputed interest	(1,255.7)
Total	$	9,023.0

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Deferred Revenue (Tables)

6 Months Ended

Apr. 02, 2023

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 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
Quarter Ended April 3, 2022	Total
Stored value cards and loyalty program at January 2, 2022	$	1,952.5
Revenue deferred - card activations, card reloads and Stars earned	3,124.0
Revenue recognized - card and Stars redemptions and breakage	(3,426.3)
Other(1)	(5.0)
Stored value cards and loyalty program at April 3, 2022(2)	$	1,645.2
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
Two Quarters Ended April 3, 2022	Total
Stored value cards and loyalty program at October 3, 2021	$	1,448.5
Revenue deferred - card activations, card reloads and Stars earned	7,041.5
Revenue recognized - card and Stars redemptions and breakage	(6,837.1)
Other(1)	(7.7)
Stored value cards and loyalty program at April 3, 2022(2)	$	1,645.2

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

(2)As of April 2, 2023 and April 3, 2022, approximately $1.6 billion and $1.5 billion of these amounts were current, respectively.

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Equity (Tables)

6 Months Ended

Apr. 02, 2023

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
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)
April 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	(1.2)	$	224.6	$	77.1	$	(47.0)	$	253.5
Net gains/(losses) recognized in OCI before reclassifications	(7.9)		52.9		28.5		(38.5)		35.0
Net (gains)/losses reclassified from AOCI to earnings	0.1		(25.8)		(2.6)		0.1		(28.2)
Other comprehensive income/(loss) attributable to Starbucks	(7.8)		27.1		25.9		(38.4)		6.8
Net gains/(losses) in AOCI, end of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3
Two Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
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)
April 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	1.5	$	158.3	$	48.6	$	(61.2)	$	147.2
Net gains/(losses) recognized in OCI before reclassifications	(10.5)		129.8		59.5		(24.3)		154.5
Net (gains)/losses reclassified from AOCI to earnings	—		(36.4)		(5.1)		0.1		(41.4)
Other comprehensive income/(loss) attributable to Starbucks	(10.5)		93.4		54.4		(24.2)		113.1
Net gains/(losses) in AOCI, end of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3

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
	Apr 2, 2023		Apr 3, 2022
Gains/(losses) on available-for-sale debt securities	$	(0.3)	$	(0.2)	Interest income and other, net
Gains/(losses) on cash flow hedges	59.9		30.9		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	7.0		3.5		Interest expense
	66.6		34.2		Total before tax
	(9.5)		(6.0)		Tax expense
	$	57.1	$	28.2	Net of tax
Two Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Apr 2, 2023		Apr 3, 2022
Gains/(losses) on available-for-sale debt securities	$	(0.4)	$	—	Interest income and other, net
Gains/(losses) on cash flow hedges	153.1		43.4		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	12.3		6.9		Interest expense
	165.0		50.3		Total before tax
	(21.3)		(8.9)		Tax expense
	$	143.7	$	41.4	Net of tax

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Employee Stock Plans (Tables)

6 Months Ended

Apr. 02, 2023

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
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Restricted Stock Units (“RSUs”)	$	74.1	$	54.1	$	159.2	$	149.8
Options	0.0		(0.6)		0.1		(0.5)
Total stock-based compensation expense	$	74.1	$	53.5	$	159.3	$	149.3

Stock Option and RSU Transactions

Stock option and RSU transactions from October 2, 2022 through April 2, 2023 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 2, 2022	4.1		7.0
Granted	—		4.1
Options exercised/RSUs vested	(1.9)		(2.7)
Forfeited/expired	—		(0.6)
Options outstanding/Nonvested RSUs, April 2, 2023	2.2		7.8
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of April 2, 2023	$	—	$	278.5

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Earnings Per Share (Tables)

6 Months Ended

Apr. 02, 2023

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
	Apr 2, 2023		Apr 3, 2022		Apr 2, 2023		Apr 3, 2022
Net earnings attributable to Starbucks	$	908.3	$	674.5	$	1,763.6	$	1,490.4
Weighted average common shares outstanding (for basic calculation)	1,148.5		1,149.2		1,148.4		1,159.4
Dilutive effect of outstanding common stock options and RSUs	4.2		4.7		4.4		5.8
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,152.7		1,153.9		1,152.8		1,165.2
EPS — basic	$	0.79	$	0.59	$	1.54	$	1.29
EPS — diluted	$	0.79	$	0.58	$	1.53	$	1.28

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Segment Reporting (Tables)

6 Months Ended

Apr. 02, 2023

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
	Apr 2, 2023				Apr 3, 2022				Apr 2, 2023				Apr 3, 2022
Beverage(1)	$	5,226.9	60	%	$	4,599.0	60	%	$	10,401.4	60	%	$	9,497.4	60	%
Food(2)	1,590.9		18	%	1,364.3		18	%	3,157.0		18	%	2,798.9		18	%
Other(3)	1,902.0		22	%	1,672.3		22	%	3,875.4		22	%	3,389.7		22	%
Total	$	8,719.8	100	%	$	7,635.6	100	%	$	17,433.8	100	%	$	15,686.0	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, serveware and ready-to-drink beverages, 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 segment (in millions):

Quarter Ended

	North America		International		Channel Development		Corporate and Other		Total
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
April 3, 2022
Total net revenues	$	5,445.7	$	1,702.4	$	463.1	$	24.4	$	7,635.6
Depreciation and amortization expenses	202.0		133.4		—		32.3		367.7
Income from equity investees	—		0.6		48.5		—		49.1
Operating income/(loss)	931.5		180.7		197.9		(361.2)		948.9
Two Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
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
April 3, 2022
Total net revenues	$	11,178.0	$	3,578.4	$	880.1	$	49.5	$	15,686.0
Depreciation and amortization expenses	402.1		266.5		—		65.2		733.8
Income from equity investees	—		1.3		88.1		—		89.4
Operating income/(loss)	2,014.6		480.3		381.1		(749.3)		2,126.7

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Acquisitions and Divestitures (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Business Acquisition [Line Items]
Gain on sale of assets	$ 91.3	$ 0.0	$ 91.3	$ 0.0
Proceeds from sale of assets	$ 110.0		$ 110.0	$ 0.0

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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
	Apr. 02, 2023	Oct. 02, 2022
Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (89.8)	$ 153.9
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ (87.7)
Outstanding Contract Remaining Maturity (Months)	4 months
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (1.3)	(1.9)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	20 months
Cash Flow Hedging [Member] | Dairy Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (3.4)	(2.6)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ (3.4)
Outstanding Contract Remaining Maturity (Months)	10 months
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 11.7	55.3
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 11.7
Outstanding Contract Remaining Maturity (Months)	33 months
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (5.3)	(5.8)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 0.2
Outstanding Contract Remaining Maturity (Months)	0 months
Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 46.7	67.3
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	108 months
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 16.1	16.1
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	0 months
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 86.8	$ 125.7
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	12 months

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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
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022	Oct. 02, 2022
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	$ (1.2)	$ 67.1	$ (181.9)	$ 155.8
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	(2.7)	38.1	(67.3)	79.6
Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	46.7		46.7		$ 67.3
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	16.1		16.1		16.1
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	86.8		86.8		$ 125.7
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	(0.5)	24.0	(119.9)	95.5
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	(2.5)	4.9	(14.2)	9.4
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	(2.3)	3.4	(5.9)	8.0
Gains/(Losses) Reclassified from AOCI to Earnings			(4.8)	2.5
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	3.8	0.7	(42.2)	7.6
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	0.3	34.1	0.3	35.3
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications		(2.1)	(15.1)	14.2
Gains/(Losses) Reclassified from AOCI to Earnings	7.0	3.5
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	(1.1)
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	(1.6)	40.2	(52.2)	65.4
Gains/(Losses) Reclassified from AOCI to Earnings	0.0	0.0	0.0	0.0
Product and distribution costs | 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	59.9	17.8	156.6	24.3
Product and distribution costs | 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	(3.3)	2.9
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	(0.3)	4.4	(1.7)
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	(3.0)	(0.8)	(5.7)	(1.6)
Interest Expense [Member] | 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	0.2	(0.5)	(0.3)	(0.9)
Interest Expense [Member] | 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			12.3	6.9
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	(0.1)	9.4	(9.2)	16.3
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			0.2	0.0
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	$ 4.0	$ 2.4	$ 11.9	$ 4.5

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
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 4.7	$ (21.3)	$ 3.1	$ (26.1)
Long-term Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(12.1)	24.8	(15.4)	33.0
Interest and Other Income [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	0.0	6.2	(5.5)	9.3
Interest and Other Income [Member] | Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	0.0	0.1	0.0	0.1
Interest and Other Income [Member] | Diesel and Other Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	(1.7)	0.7	(1.9)	0.7
Interest and Other Income [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	$ 1.6	$ 11.6	$ (10.0)	$ 21.8

XML

Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Coffee Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 186	$ 649
Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	1,108	741
Dairy Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	77	94
Diesel and Other Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	25	33
Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative, Notional Amount	1,194	1,269
Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 1,100	$ 1,100

XML

Derivative Financial Instruments Derivative Financial Instruments (Fair Value of Outstanding Derivative Contracts) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Derivative [Line Items]
Derivative Liabilities	$ 65.4
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Assets	0.1	$ 0.5
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	19.9	39.9
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]
Derivative [Line Items]
Derivative Assets	0.1	0.4
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	4.1	34.3
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative Assets	81.9	115.4
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	10.9	33.5
Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	0.0	7.3
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Liabilities	1.8	2.9
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	7.9	0.3
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Liabilities	10.0	12.0
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]
Derivative [Line Items]
Derivative Liabilities	1.3	0.0
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	1.6	5.8
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative Liabilities	8.8	0.0
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	8.1	0.0
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Liabilities	$ 25.9	$ 34.0

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] - Long-term Debt [Member] - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 1,063.1	$ 1,047.7
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	$ (36.9)	$ (52.3)

XML

Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Assets:
Total short-term investments	$ 379.4	$ 364.5
Derivative assets, Current	24.2	75.1
Derivative assets, Noncurrent	92.8	156.2
Total Assets	3,819.4	3,693.3
Liabilities:
Derivative liabilities, Current	22.6	21.0
Derivative liabilities, Noncurrent	42.8	34.0
Derivative Liabilities	65.4
Total liabilities		55.0
Cash and cash equivalents
Assets:
Cash and cash equivalents	3,071.8	2,818.4
Short-term Investments [Member]
Assets:
Available-for-sale debt securities	63.2	31.7
Marketable equity securities	67.8	57.7
Total short-term investments	379.4	364.5
Structured deposits	248.4	275.1
Long-term Investments [Member]
Assets:
Available-for-sale debt securities	251.2	279.1
Commercial paper | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.1
Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	53.2	22.4
Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	101.0	134.7
Foreign Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		3.8
Foreign Government Short-term Debt Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	3.8
Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.7
Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	50.7	56.5
State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	1.3	1.3
U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	5.4	9.3
U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	98.2	82.8
Fair Value, Inputs, Level 1 [Member]
Assets:
Derivative assets, Current	0.0	0.0
Derivative assets, Noncurrent	0.0	0.0
Total Assets	3,243.2	2,947.1
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	3,071.8	2,797.3
Fair Value, Inputs, Level 1 [Member] | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	5.4	9.3
Marketable equity securities	67.8	57.7
Total short-term investments	73.2	67.0
Structured deposits	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	98.2	82.8
Fair Value, Inputs, Level 1 [Member] | Commercial paper | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	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 Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		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 | 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	5.4	9.3
Fair Value, Inputs, Level 1 [Member] | U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	98.2	82.8
Fair Value, Inputs, Level 2 [Member]
Assets:
Derivative assets, Current	24.2	75.1
Derivative assets, Noncurrent	92.8	156.2
Total Assets	576.2	746.2
Liabilities:
Derivative liabilities, Current	22.6	21.0
Derivative liabilities, Noncurrent	42.8	34.0
Derivative Liabilities	65.4
Total liabilities		55.0
Fair Value, Inputs, Level 2 [Member] | Cash and cash equivalents
Assets:
Cash and cash equivalents	0.0	21.1
Fair Value, Inputs, Level 2 [Member] | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	57.8	22.4
Marketable equity securities	0.0	0.0
Total short-term investments	306.2	297.5
Structured deposits	248.4	275.1
Fair Value, Inputs, Level 2 [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	153.0	196.3
Fair Value, Inputs, Level 2 [Member] | Commercial paper | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.1
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	53.2	22.4
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	101.0	134.7
Fair Value, Inputs, Level 2 [Member] | Foreign Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		3.8
Fair Value, Inputs, Level 2 [Member] | Foreign Government Short-term Debt Securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	3.8
Fair Value, Inputs, Level 2 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.7
Fair Value, Inputs, Level 2 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	50.7	56.5
Fair Value, Inputs, Level 2 [Member] | State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	1.3	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 3 [Member]
Assets:
Derivative assets, Current	0.0	0.0
Derivative assets, Noncurrent	0.0	0.0
Total Assets	0.0	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	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Commercial paper | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	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	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Foreign Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		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 | 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

XML

Inventories (Narrative) (Details) $ in Millions	3 Months Ended
	Apr. 02, 2023 USD ($)
Fixed-price Contract [Member]
Inventory [Line Items]
Amount of coffee committed to be purchased	$ 408.4
Price-to-be-fixed Contract [Member]
Inventory [Line Items]
Amount of coffee committed to be purchased	$ 828.3

XML

Inventories (Components of Inventory) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Inventory Disclosure [Abstract]
Unroasted	$ 944.2	$ 1,018.6
Roasted	279.4	310.3
Other merchandise held for sale	376.1	430.9
Packaging and other supplies	400.9	416.8
Total	$ 2,000.6	$ 2,176.6

XML

Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 16,450.9	$ 15,609.8
Accumulated depreciation	(9,632.3)	(9,049.3)
Property, plant and equipment, net	6,818.6	6,560.5
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	567.3	555.4
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	9,578.2	9,066.8
Store Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,179.2	3,018.2
Roasting Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	816.3	838.5
Furniture, Fixtures and Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,609.4	1,526.1
Work in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 654.4	$ 558.7

XML

Supplemental Balance Sheet Information (Accrued Liabilities) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Accrued Liabilities [Line Items]
Accrued occupancy costs	$ 82.8	$ 84.6
Dividends Payable, Current	607.8	608.3
Other Accrued Liabilities, Current	686.3	878.1
Self Insurance Reserve, Current	248.7	232.3
Accrued Income Taxes	193.8	194.6
Accrued liabilities	1,970.0	2,137.1
Income taxes payable	$ 150.6	$ 139.2

XML

Supplemental Income Statement Information (Store Operating Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Store Operating Expenses [Line Items]
Wages and benefits	$ 2,174.3	$ 2,018.3	$ 4,389.9	$ 4,029.0
Occupancy costs	703.4	664.9	1,374.9	1,330.2
Other store operating expenses	758.3	631.5	1,536.5	1,355.4
Store operating expenses	$ 3,636.0	$ 3,314.7	$ 7,301.3	$ 6,714.6

XML

Intangible Assets, Goodwill and Other (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 5.3	$ 49.2	$ 10.9	$ 99.4

XML

Other Intangible Assets and Goodwill (Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Trade names, trademarks and patents
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets	$ 79.7	$ 97.5

XML

Other Intangible Assets and Goodwill (Finite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,224.1	$ 1,182.1
Accumulated amortization	(1,173.0)	(1,123.7)
Total estimated future amortization expense	51.1	58.4
Acquired and reacquired rights
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,025.9	990.0
Accumulated amortization	(1,025.9)	(990.0)
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)	(27.3)
Total estimated future amortization expense	0.0	0.3
Trade names, trademarks and patents
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	130.9	124.6
Accumulated amortization	(82.6)	(69.6)
Total estimated future amortization expense	48.3	55.0
Licensing agreements
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	18.4	19.3
Accumulated amortization	(15.6)	(16.2)
Total estimated future amortization expense	2.8	3.1
Other finite-lived intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	21.3	20.6
Accumulated amortization	(21.3)	(20.6)
Total estimated future amortization expense	$ 0.0	$ 0.0

XML

Other Intangible Assets and Goodwill (Estimated Future Amortization Expense) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2023 (excluding the two quarters ended April 2, 2023)	$ 10.3
2024	20.5
2025	14.5
2026	1.8
2027	1.5
Thereafter	2.5
Total estimated future amortization expense	$ 51.1	$ 58.4

XML

Intangible Assets, Goodwill and Other (Changes in Carrying Amount of Goodwill by Reportable Operating Segment) (Details) $ in Millions	6 Months Ended
	Apr. 02, 2023 USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 3,283.5
Other	128.8	[1]
Goodwill, ending balance	3,412.3
North America [Member]
Goodwill [Line Items]
Goodwill, beginning balance	491.1
Other	0.3	[1]
Goodwill, ending balance	491.4
International [Member]
Goodwill [Line Items]
Goodwill, beginning balance	2,756.7
Other	128.5	[1]
Goodwill, ending balance	2,885.2
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, 2024	Jan. 04, 2024	Apr. 17, 2023	Apr. 02, 2023 USD ($)	Apr. 02, 2023 USD ($)	Apr. 02, 2023 JPY (¥)	Oct. 02, 2022 USD ($)
Debt Instrument [Line Items]
Short-term debt					$ 52.8	$ 52.8		$ 175.0
twothousandtwentyonecreditfacility | Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					3,000.0	3,000.0
Line of Credit Facility, Expiration Date	Sep. 16, 2026
Maximum Increase In Commitment Amount Allowable Under Credit Facility					1,000.0	1,000.0
Amount Of Credit Facility Available For Issuances Of Letters Of credit					$ 150.0	150.0
twothousandtwentyonecreditfacility | Eurodollar [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					1.00%
twothousandtwentyonecreditfacility | Base Rate [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				0.50%	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	3,000.0
Short-term debt					0.0	$ 0.0		175.0
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		0.0
Line of Credit [Member] | 5 billion Yen Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					37.7	$ 37.7
Line of Credit Facility, Expiration Date			Jan. 04, 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					75.4	$ 75.4
Line of Credit Facility, Expiration Date		Mar. 27, 2024
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					$ 52.8	$ 52.8		$ 0.0
Line of Credit [Member] | 5 billion and 10 billion Yen Credit Facility [Member] | Japan, Yen
Debt Instrument [Line Items]
Short-term debt | ¥							¥ 7,000.0

XML

(Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values) (Details) - USD ($) $ in Millions		3 Months Ended
		Apr. 02, 2023	Oct. 02, 2022
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 15,590.6	$ 15,038.4
Long-term Debt, Fair Value		14,312.7	13,052.0
Debt Instrument, Unamortized (Discount) Premium and Debt Issuance Costs, Net		(120.2)	(117.2)
Hedging Liabilities, Noncurrent	[1]	(36.9)	(52.3)
Long-term Debt		15,433.5	14,868.9
2018 5-Year Three Point One Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 0.0	1,000.0
Stated Interest Rate		3.10%
Debt Instrument, Interest Rate, Effective Percentage	[2]	3.107%
2018 5-Year Three Point One Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure		$ 0.0	996.5
2013 10-Year Three Point Eight Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	[1]	$ 750.0	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]	$ 746.4	744.8
2022 2-Year FloatingrateSeniorNotes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	[3]	$ 500.0	500.0
Stated Interest Rate	[3]	5.147%
Debt Instrument, Interest Rate, Effective Percentage	[2],[3]	5.378%
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]	$ 497.0	497.3
2017 7-Year PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	[4]	$ 640.6	588.4
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]	$ 643.3	584.7
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		$ 1,230.2	1,209.6
2023 3-Year Four Point Seven Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,000.0	0.0
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		$ 1,008.8	0.0
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		$ 469.2	458.3
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		$ 455.1	437.9
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		$ 578.0	554.8
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		$ 731.6	704.7
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]	947.8	900.3
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		$ 647.3	607.7
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		$ 1,087.3	1,017.9
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		$ 889.3	827.1
2023 10-Year Four Point Eight Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500.0	0.0
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		$ 508.8	0.0
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		$ 310.3	281.5
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		$ 403.7	369.6
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		$ 905.5	824.6
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		$ 904.8	817.8
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		$ 374.2	342.0
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		$ 974.1	$ 874.9

[1] Amount includes the change in fair value due to changes in benchmark interest rates related to hedging our October 2023 notes and $350 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swaps 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 which 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 5.147% at April 2, 2023.

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

XML

Debt (Summary of long-term debt maturities) (Details) - USD ($) $ in Millions	Apr. 02, 2023	Oct. 02, 2022
Long-term Debt [Line Items]
2023	$ 750.0
2024	1,140.6
2025	1,250.0
2026	1,500.0
2027	500.0
Thereafter	10,450.0
Total	$ 15,590.6	$ 15,038.4

XML

Leases - Narrative (Details) $ in Millions	Apr. 02, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, amount	$ 1,300.0
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, term of contract	3 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
		Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Lessee, Lease, Description [Line Items]
Operating lease costs	[1]	$ 401.7	$ 393.4	$ 786.5	$ 779.5
Variable lease costs		253.9	235.8	489.2	465.6
Short-term lease costs		7.0	7.1	14.0	14.2
Total lease costs		$ 662.6	$ 636.3	$ 1,289.7	$ 1,259.3

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

XML

Leases - Schedule Supplemental Disclosures (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Lessee, Lease, Description [Line Items]
Cash paid related to operating lease liabilities	$ 819.0	$ 845.5
Operating lease liabilities arising from obtaining ROU assets	$ 828.0	$ 710.6
Weighted-average remaining operating lease term	8 years 6 months	8 years 6 months
Weighted-average operating lease discount rate	2.90%	2.50%

XML

Leases - Schedule of Maturity of Operating Lease Payments (Details) $ in Millions	Apr. 02, 2023 USD ($)
Leases [Abstract]
2023 (excluding the two quarters ended April 2, 2023)	$ 771.8
2024	1,522.4
2025	1,432.2
2026	1,279.2
2027	1,090.0
Thereafter	4,183.1
Total lease payments	10,278.7
Less imputed interest	(1,255.7)
Total	$ 9,023.0

XML

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022	Oct. 02, 2022
Stored value card liability and current portion of deferred revenue	$ 1,795.9		$ 1,795.9		$ 1,641.9
Deferred revenue	6,200.2		6,200.2		6,279.7
Deferred Revenue, Revenue Recognized	44.1	$ 44.2	88.2	$ 88.4
Nestle Global Coffee Alliance [Member]
Stored value card liability and current portion of deferred revenue	177.0		177.0		177.0
Deferred revenue	$ 6,100.0		$ 6,100.0		$ 6,200.0

XML

Revenue from Contract with Customer (Details) - USD ($)		3 Months Ended		6 Months Ended
		Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022	Oct. 02, 2022
Deferred Revenue Table [Line Items]
Deferred Revenue, Revenue Recognized		$ (44,100,000)	$ (44,200,000)	$ (88,200,000)	$ (88,400,000)
Stored value card liability and current portion of deferred revenue		1,795,900,000		1,795,900,000		$ 1,641,900,000
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]
Deferred Revenue Table [Line Items]
Deferred Revenue		2,025,600,000	1,952,500,000	1,503,000,000	1,448,500,000
Deferred Revenue, Additions		3,416,000,000	3,124,000,000	7,639,400,000	7,041,500,000
Deferred Revenue, Revenue Recognized		(3,778,400,000)	(3,426,300,000)	(7,492,500,000)	(6,837,100,000)
Deferred Revenue, Other	[1]	1,300,000	(5,000,000.0)	14,600,000	(7,700,000)
Deferred Revenue	[2]	1,664,500,000	1,645,200,000	1,664,500,000	1,645,200,000
Stored value card liability and current portion of deferred revenue		$ 1,600,000,000	$ 1,500,000,000	$ 1,600,000,000	$ 1,500,000,000

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

[2] As of April 2, 2023 and April 3, 2022, approximately $1.6 billion and $1.5 billion of these amounts were current, respectively.

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Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended		6 Months Ended
	May 26, 2023	May 12, 2023	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022	Oct. 02, 2022
Equity, Class of Treasury Stock [Line Items]
Authorized shares of common stock			2,400,000,000		2,400,000,000		2,400,000,000
Par value of common stock			$ 0.001		$ 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			47,700,000		47,700,000
Dividends payable, payment date	May 26, 2023
Dividends payable, record date		May 12, 2023
Common Stock, Dividends, Per Share, Declared			$ 0.53	$ 0.49	$ 1.06	$ 0.98
Open Market [Member]
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased					4,900,000	36,300,000
Total cost of common stock repurchased					$ 495.3	$ 4,013.0

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Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022	Jan. 01, 2023	Oct. 02, 2022	Jan. 02, 2022	Oct. 03, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (8,499.4)	$ (8,761.2)	$ (8,499.4)	$ (8,761.2)	$ (8,665.9)	$ (8,698.7)	$ (8,450.3)	$ (5,314.5)
Net gains/(losses) in AOCI, beginning of period			(463.2)
Other comprehensive income/(loss)	17.3	6.8	(58.4)	113.1
Net gains/(losses) in AOCI, end of period	(521.6)		(521.6)
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)	(9.0)	(10.9)	(9.0)	(13.9)	(15.5)	(1.2)	1.5
Net gains/(losses) recognized in OCI before reclassifications	2.8	(7.9)	4.3	(10.5)
Net (gains)/losses reclassified from AOCI to earnings	0.2	0.1	0.3	0.0
Other comprehensive income/(loss)	3.0	(7.8)	4.6	(10.5)
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)	251.7	(88.1)	251.7	(34.9)	199.0	224.6	158.3
Net gains/(losses) recognized in OCI before reclassifications	(1.1)	52.9	(152.3)	129.8
Net (gains)/losses reclassified from AOCI to earnings	(52.1)	(25.8)	(134.8)	(36.4)
Other comprehensive income/(loss)	(53.2)	27.1	(287.1)	93.4
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	103.0	149.6	103.0	156.8	209.1	77.1	48.6
Net gains/(losses) recognized in OCI before reclassifications	(2.0)	28.5	(50.3)	59.5
Net (gains)/losses reclassified from AOCI to earnings	(5.2)	(2.6)	(9.2)	(5.1)
Other comprehensive income/(loss)	(7.2)	25.9	(59.5)	54.4
Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(572.2)	(85.4)	(572.2)	(85.4)	(646.9)	(855.8)	(47.0)	(61.2)
Net gains/(losses) recognized in OCI before reclassifications	74.7	(38.5)	283.6	(24.3)
Net (gains)/losses reclassified from AOCI to earnings	0.0	0.1	0.0	0.1
Other comprehensive income/(loss)	74.7	(38.4)	283.6	(24.2)
Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(8,506.9)	(8,768.0)	(8,506.9)	(8,768.0)	(8,673.8)	(8,706.6)	(8,457.2)	(5,321.2)
Other comprehensive income/(loss)	17.3	6.8	(58.4)	113.1
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(521.6)	260.3	(521.6)	260.3	$ (538.9)	$ (463.2)	$ 253.5	$ 147.2
Net gains/(losses) recognized in OCI before reclassifications	74.4	35.0	85.3	154.5
Net (gains)/losses reclassified from AOCI to earnings	(57.1)	(28.2)	(143.7)	(41.4)
Other comprehensive income/(loss)	$ 17.3	$ 6.8	$ (58.4)	$ 113.1

XML

Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest income and other, net	$ 18.4	$ 46.3	$ 30.0	$ 46.2
Amounts Reclassified from AOCI, Interest expense	136.3	119.1	266.0	234.4
Amounts Reclassified from AOCI, Tax (expense)/benefit	301.3	201.1	581.1	447.4
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	66.6	34.2	(165.0)	(50.3)
Amounts Reclassified from AOCI, Tax (expense)/benefit	(9.5)	(6.0)	21.3	8.9
Amounts Reclassified from AOCI, Net of tax	57.1	28.2	(143.7)	(41.4)
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	(0.2)	(0.1)	(0.3)	0.0
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	(0.3)	(0.2)	(0.4)	0.0
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	52.1	25.8	134.8	36.4
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	59.9	30.9	(153.1)	(43.4)
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	5.2	2.6	9.2	5.1
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	$ 7.0	$ 3.5	$ (12.3)	$ (6.9)

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Employee Stock Plans (Narrative) (Details) shares in Millions	Apr. 02, 2023 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	92.3
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	10.5

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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
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 74.1	$ 53.5	$ 159.3	$ 149.3
Stock Options [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	0.0	(0.6)	0.1	(0.5)
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 74.1	$ 54.1	$ 159.2	$ 149.8

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Employee Stock Plans (Stock Option and RSU Transactions) (Details) - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Apr. 02, 2023	Oct. 02, 2022
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Stock Options	0.0
Options exercised, Stock Options	(1.9)
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	2.2	4.1
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, RSUs	4.1
RSUs vested, RSUs	(2.7)
Forfeited/expired, RSUs	(0.6)
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs	$ 278.5
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	7.8	7.0

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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
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Earnings Per Share [Abstract]
Net earnings attributable to Starbucks	$ 908.3	$ 674.5	$ 1,763.6	$ 1,490.4
Weighted average common shares outstanding (for basic calculation)	1,148.5	1,149.2	1,148.4	1,159.4
Dilutive effect of outstanding common stock options and RSUs	4.2	4.7	4.4	5.8
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,152.7	1,153.9	1,152.8	1,165.2
EPS — basic	$ 0.79	$ 0.59	$ 1.54	$ 1.29
EPS — diluted	$ 0.79	$ 0.58	$ 1.53	$ 1.28

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Segment Reporting (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
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	$ 51.4	$ 49.1	$ 109.2	$ 89.4
Operating Segments [Member] | Channel Development [Member]
Segment Reporting Information [Line Items]
Income (Loss) from Equity Method Investments	50.6	$ 48.5	$ 108.0	88.1
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Income (Loss) from Equity Method Investments	$ 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
		Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Segment Reporting Information [Line Items]
Total net revenues		$ 8,719.8	$ 7,635.6	$ 17,433.8	$ 15,686.0
Beverage Member
Segment Reporting Information [Line Items]
Total net revenues	[1]	5,226.9	4,599.0	10,401.4	9,497.4
Food Member
Segment Reporting Information [Line Items]
Total net revenues	[2]	1,590.9	1,364.3	3,157.0	2,798.9
Other Products Member
Segment Reporting Information [Line Items]
Total net revenues	[3]	$ 1,902.0	$ 1,672.3	$ 3,875.4	$ 3,389.7
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%	18.00%	18.00%
Revenue Benchmark [Member] | Other Products Member | Product type
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	[3]	22.00%	22.00%	22.00%	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, serveware and ready-to-drink beverages, 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
	Apr. 02, 2023	Apr. 03, 2022	Apr. 02, 2023	Apr. 03, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	$ 8,719.8	$ 7,635.6	$ 17,433.8	$ 15,686.0
Depreciation and amortization expenses	341.9	367.7	669.0	733.8
Income (Loss) from Equity Method Investments	51.4	49.1	109.2	89.4
Operating income/(loss)	1,327.5	948.9	2,580.7	2,126.7
North America [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	6,380.6	5,445.7	12,931.8	11,178.0
Depreciation and amortization expenses	226.3	202.0	443.1	402.1
Income (Loss) from Equity Method Investments	0.0	0.0	0.0	0.0
Operating income/(loss)	1,217.9	931.5	2,430.4	2,014.6
International [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	1,854.8	1,702.4	3,534.9	3,578.4
Depreciation and amortization expenses	86.3	133.4	167.7	266.5
Income (Loss) from Equity Method Investments	0.8	0.6	1.2	1.3
Operating income/(loss)	314.7	180.7	555.1	480.3
Channel Development [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	480.7	463.1	958.9	880.1
Depreciation and amortization expenses	0.0	0.0	0.1	0.0
Income (Loss) from Equity Method Investments	50.6	48.5	108.0	88.1
Operating income/(loss)	262.1	197.9	488.4	381.1
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	3.7	24.4	8.2	49.5
Depreciation and amortization expenses	29.3	32.3	58.1	65.2
Income (Loss) from Equity Method Investments	0.0			0.0
Operating income/(loss)	$ (467.2)	$ (361.2)	$ (893.2)	$ (749.3)