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Segment Reporting
 12 Months Ended
Sep. 29, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Segment information is prepared on the same basis that our ceo, who is our Chief Operating Decision Maker, manages the segments, evaluates financial results, and makes key operating decisions.
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.
North America and International operations sell coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-operated stores and licensed stores. Our North America segment is our most mature business and has achieved significant scale.
Channel Development revenues include packaged coffee, tea, foodservice products, and ready-to-drink beverage sales to customers outside of our company-operated and licensed stores. Most of our Channel Development revenues are from product sales to, and royalty revenues from, Nestlé through the Global Coffee Alliance.
Consolidated revenue mix by product type (in millions):
Fiscal Year EndedSep 29, 2024Oct 1, 2023Oct 2, 2022
Beverage(1)
$21,883.9 60 %$21,684.8 60 %$19,555.3 61 %
Food(2)
6,749.2 19 %6,585.1 18 %5,804.2 18 %
Other(3)
7,543.1 21 %7,705.7 22 %6,890.8 21 %
Total$36,176.2 100 %$35,975.6 100 %$32,250.3 100 %
(1)     “Beverage” represents sales within our company-operated stores.
(2)     “Food” includes sales within our company-operated stores.
(3)     “Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, beverage-related ingredients, and serveware, among other items.
Information by geographic area (in millions):
Fiscal Year EndedSep 29, 2024Oct 1, 2023Oct 2, 2022
Net revenues(1):
United States$26,707.4 $26,398.3 $23,365.6 
China3,008.2 3,081.5 3,008.3 
Other countries6,460.6 6,495.8 5,876.4 
Total$36,176.2 $35,975.6 $32,250.3 
Sep 29, 2024Oct 1, 2023
Long-lived assets:
United States$15,878.4 $14,011.4 
China4,514.2 4,244.9 
Other countries4,099.3 3,885.8 
Total$24,491.9 $22,142.1 
(1)Includes Channel Development segment and other net revenues.
No customer accounts for 10% or more of our revenues. Revenues are shown based on the geographic location of our customers. Revenues from countries other than the U.S. and China consist primarily of revenues from Japan, Canada, and the U.K., which together account for approximately 72% of net revenues from other countries for fiscal 2024.
Management evaluates the performance of its operating segments based on net revenues and operating income. The accounting policies of the operating segments are the same as those described in Note 1, Summary of Significant Accounting Policies and Estimates.
Operating income represents earnings before other income and expenses and income taxes. The identifiable assets by segment disclosed in this note are those assets specifically identifiable within each segment and include cash and cash equivalents, ROU assets, net property, plant and equipment, equity method and other equity investments, goodwill, and other intangible assets. Assets not attributed to reportable operating segments are corporate assets and are primarily comprised of cash and cash equivalents available for general corporate purposes, investments, assets of the corporate headquarters and roasting facilities, inventory, and deferred tax assets.
The financial information below is presented for our reportable operating segments and Corporate and Other for the fiscal years ended September 29, 2024, October 1, 2023, and October 2, 2022, and as of September 29, 2024, and October 1, 2023.
(in millions)
North AmericaInternational
Channel
Development
Corporate and Other

Total
Fiscal 2024
Total net revenues$27,009.5 $7,338.9 $1,769.8 $58.0 $36,176.2 
Depreciation and amortization expenses1,052.4 338.3 — 121.9 1,512.6 
Income from equity investees— 3.6 297.6 — 301.2 
Operating income/(loss)$5,355.3 $1,045.7 $925.9 $(1,918.1)$5,408.8 
Fiscal 2023
Total net revenues$26,569.6 $7,487.6 $1,893.8 $24.6 $35,975.6 
Depreciation and amortization expenses910.1 335.1 0.1 117.3 1,362.6 
Income from equity investees— 2.7 295.7 — 298.4 
Operating income/(loss)$5,495.7 $1,230.9 $967.6 $(1,823.4)$5,870.8 
Fiscal 2022
Total net revenues$23,370.8 $6,940.1 $1,843.6 $95.8 $32,250.3 
Depreciation and amortization expenses808.4 513.0 0.1 126.4 1,447.9 
Income from equity investees— 2.3 231.8 — 234.1 
Operating income/(loss)$4,486.5 $833.2 $817.3 $(1,519.2)$4,617.8 
(in millions)
North AmericaInternational
Channel
Development
Corporate and Other

Total
Total assets at September 29, 2024
$12,737.0 $8,464.5 $148.6 $9,989.2 $31,339.3 
Total assets at October 1, 2023
10,869.1 8,045.3 188.8 10,342.3 29,445.5