Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 29, 2024

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)
	Dec 29, 2024		Sep 29, 2024
Cash Flow Hedges:
Coffee	$	49.9	$	60.1	$	49.9	3
Cross-currency swaps	0.5		0.5		0.5		0
Dairy	0.1		2.0		0.1		2
Foreign currency - other	46.5		11.5		28.4		34
Interest rates	(2.8)		(3.6)		(3.2)		0
Net Investment Hedges:
Cross-currency swaps	230.9		96.5		—		111
Foreign currency	16.0		16.0		—		0
Foreign currency debt	135.2		135.2		—		0

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)
	Dec 29, 2024		Dec 31, 2023		Dec 29, 2024		Dec 31, 2023
Cash Flow Hedges:
Coffee	$	12.8	$	64.3	$	27.7	$	(40.4)	Product and distribution costs
Cross-currency swaps	0.9		(1.6)		—		0.6		Interest expense
					0.8		(2.7)		Interest income and other, net
Dairy	(1.1)		(1.9)		1.4		(1.6)		Product and distribution costs
Foreign currency - other	57.0		(25.4)		8.8		8.8		Licensed stores revenue
					1.7		2.8		Product and distribution costs
Interest rates	—		—		(1.0)		(1.0)		Interest expense
Net Investment Hedges:
Cross-currency swaps (1)	207.5		6.6		27.7		8.9		Interest expense
Foreign currency debt	—		(31.8)		—		—

(1) Gains and losses recognized in earnings relate to components excluded from the assessment of effectiveness.

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
		Dec 29, 2024		Dec 31, 2023
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	0.1	$	—
Foreign currency - other	Interest income and other, net	8.9		(2.4)
Diesel fuel and other commodities	Interest income and other, net	(0.1)		(0.7)
Fair Value Hedges:
Interest rate swaps	Interest expense	(13.1)		11.1
Long-term debt (hedged item)	Interest expense	10.6		(14.3)

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Dec 29, 2024		Sep 29, 2024
Coffee	$	28	$	154
Cross-currency swaps	4,197		4,213
Dairy	34		65
Diesel fuel and other commodities	5		3
Foreign currency - other	1,036		920
Interest rate swaps	350		350

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	Dec 29, 2024		Sep 29, 2024
Designated Derivative Instruments(1):
Cross-currency swaps	Prepaid expenses and other current assets	$	26.5	$	3.9
	Other long-term assets	275.7		177.4
Dairy	Prepaid expenses and other current assets	0.2		0.8
Foreign currency - other	Prepaid expenses and other current assets	28.2		1.9
	Other long-term assets	19.9		1.7
Non-designated Derivative Instruments:
Dairy	Prepaid expenses and other current assets	0.1		0.3
Foreign currency	Prepaid expenses and other current assets	1.9		1.8
		Derivative Liabilities
	Balance Sheet Location	Dec 29, 2024		Sep 29, 2024
Designated Derivative Instruments:
Cross-currency swaps	Accrued liabilities	$	—	$	21.7
	Other long-term liabilities	—		33.3
Dairy	Accrued liabilities	0.1		—
Foreign currency - other	Accrued liabilities	—		4.7
	Other long-term liabilities	—		4.1
Interest rate swaps	Other long-term liabilities	32.4		19.2
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	0.1		—
Diesel fuel and other commodities	Accrued liabilities	0.1		0.3
Foreign currency	Accrued liabilities	0.3		2.5
	Other long-term liabilities	—		0.1

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
	Dec 29, 2024		Sep 29, 2024		Dec 29, 2024		Sep 29, 2024
Location on the balance sheet
Long-term debt	$	321.6	$	332.2	$	(28.4)	$	(17.8)