Professional Documents
Culture Documents
12 Months Ended
Sep. 27, 2015
10-K
false
Sep. 27,
2015
2,015
FY
STARBUCKS CORP
829,224
--09-27
Large Accelerated Filer
Yes
No
Yes
$ 69
1,484.8
12 Months Ended
Sep. 27, 2015
$ 19,162
7,787
5,411
522
893
1,196
15,811
249
3,6
390
(61
(70
3,9
1,143
2,759
1
$ 2,757
$ 1.
$ 1.
1,495
1,513
$ 15,197
1,861
$ 2,103
[1]
$ 16,447.8
6,858.8
4,638.2
457.3
709.6
991.3
(20.2)
13,635
268.3
3,081.1
0
0
142.7
(64.1)
3,159.7
1,092
2,067.7
(0.4)
$ 2,068.1
$ 1.37
$ 1.35 [1]
1,506.3
1,526.3
1,498.5
1,524.5
$ 12,977.9
$ 11,793.2
1,588.6
1,360.5
$ 1,881.3
$ 1,713.1
12 Months Ended
Sep. 27, 2015
Sep. 28, 2014
$ 2,759.3
$ 2,067.7
(224.7)
2,534.6
(29.2)
2,563.8
(41.7)
2,026
(0.4)
2,026.4
44.3
53.1
0.5
52.6
1.4
(0.5)
1.6
(0.6)
(0.6)
0.2
47.6
(16.8)
24.1
(7.8)
47.1
(24.6)
4.3
(1.6)
25.5
(9.4)
32.8
(12.1)
(222.7)
6
(171.3)
(75.8)
(1.6)
(77.4)
(41.6)
0.3
(65.9)
$ 23.5
(1.5)
$ 3.8
46.3
$ (3.5)
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Deferred income taxes, net
Total current assets
Long-term investments
Equity and cost investments
Property, plant and equipment, net
Deferred income taxes, net
Other long-term assets
Other intangible assets
Goodwill
TOTAL ASSETS
Current liabilities:
Accounts payable
Accrued liabilities
Insurance reserves
Stored value card liability
Total current liabilities
Long-term debt
Other long-term liabilities
Total liabilities
Shareholders' equity:
Common stock ($0.001 par value) - authorized, 2,400.0 shares; issued and outstanding, 1,485.1 a
1,499.1
shares,
respectively
Additional
paid-in
capital
Retained earnings
Accumulated other comprehensive income/(loss)
Total shareholders' equity
Noncontrolling interests
Total equity
TOTAL LIABILITIES AND EQUITY
$ 1,530.1
81.3
719
1,306.4
334.2
381.7
4,352.7
312.5
352
4,088.3
828.9
415.9
520.4
1,575.4
12,446.1
$ 1,708.4
135.4
631
1,090.9
285.6
317.4
4,168.7
318.4
514.9
3,519
903.3
198.9
273.5
856.2
10,752.9
684.2
1,760.7
224.8
983.8
3,653.5
2,347.5
625.3
6,626.3
533.7
1,514.4
196.1
794.5
3,038.7
2,048.3
392.2
5,479.2
1.5
41.1
5,974.8
(199.4)
5,818
1.8
5,819.8
$ 12,446.1
0.7
39.4
5,206.6
25.3
5,272
1.7
5,273.7
$ 10,752.9
$ 0.001
2,400,000,000
1,485,100,000
1,485,100,000
$ 0.001
2,400,000,000
1,499,100,000
1,499,100,000
12 Months Ended
Sep. 28, 2014
$ 2,759.3
$ 2,067.7
933.8
0
21.2
(190.2)
148.2
(394.3)
61.1
209.8
(132.4)
53.8
748.4
0
10.2
(182.7)
139.2
(70.2)
0
183.2
(114.4)
36.2
655.6
2,784.1
(1,045.9)
(171.8)
115.6
(80.1)
0
142.3
(258.1)
23
(82.8)
(207.9)
137.7
0
87.6
124.4
170.3
49.5
3,749.1
(79.7)
14.3
60.4
(2,763.9)
309.8
103.9
140.8
4.6
607.8
(68.3)
152.5
88.7
0
298.4
47.3
139.9
76.3
2,908.3
(567.4)
600.6
18.8
(284.3)
(1,303.7)
8.9
6.8
(1,520.3)
(1,652.5)
1,454.8
456.1
0
(1,160.9)
103.9
(19.1)
(817.7)
(785.9)
60.2
980
(610.4)
(1,151.2)
108
(11.9)
(1,411.2)
848.5
(610.1)
(360.8)
191.8
132.4
(928.6)
(1,436.1)
(75.5)
(18.1)
(2,256.5)
(150.6)
748.5
0
0
139.7
114.4
(783.1)
(758.6)
(77.3)
(6.9)
(623.3)
(34.1)
749.7
(35.2)
0
247.2
258.1
(628.9)
(588.1)
(121.4)
10.4
(108.2)
(1.8)
(178.3)
(867.3)
1,387.1
1,708.4
1,530.1
2,575.7
1,708.4
1,188.6
2,575.7
69.5
$ 1,072.2
56.2
$ 766.3
34.4
$ 539.1
Total
$ 5,114.5
8.8
44.3
144.1
366.8
20.4
(544.1)
(668.6)
(3.9)
4,482.3
2,067.7
(41.7)
185.1
154.8
22.3
(769.8)
$ (827)
1,499.1
$ 5,273.7
2,759.3
(224.7)
211.7
$ 224.4
0.5
$ 23.5
(1,431.8)
(1,016.2)
0
411.1
$ (411.1)
1,485.1
$ 5,819.8
1.7
1,485.1
$ 1.5
$ 41.1
$ 5,974.8
(31.1)
$ (199.4)
$ 5,109
8.3
44.3
144.1
$ 5.5
0.5
0
0
366.8
20.4
(544.1)
(668.6)
0
0
0
(3.9)
4,480.2
2,068.1
(41.7)
185.1
2.1
(0.4)
0
0
154.8
22.3
(769.8)
(827)
5,272
2,757.4
(193.6)
211.7
0
0
1.7
1.9
(31.1)
0
224.4
23.5
(1,431.8)
(1,016.2)
0
0
0
(29.4)
$ 5,818
411.1
(381.7)
$ 1.8
12 Months Ended
Sep. 28, 2014USD ($)$ / shares
$ 114.8
$ 0.2
$ 0.550
12 Months Ended
Sep. 27, 2015
Acquisitions and Divestitures Fiscal 2015 During the fourth quarter of fiscal 2015, we sold our
company-operated retail store assets and operations in Puerto Rico to Baristas Del Caribe, LLC,
12 Months Ended
Sep. 27, 2015
Summary of Significant Accounting Policies Description of Business We purchase and roast highquality coffees that we sell, along with handcrafted coffee and tea beverages and a variety of fres
12 Months Ended
Sep. 27, 2015
Derivative Financial Instruments Interest Rates Depending on market conditions, we enter into
interest rate swap agreements to hedge the variability in cash flows due to changes in the
12 Months Ended
Sep. 27, 2015
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 Quoted Prices in Active
Inventories
Inventory Disclosure [Abstract]
Inventories
12 Months Ended
Sep. 27, 2015
Inventories (in millions) Sep 27, 2015 Sep 28, 2014 Coffee: Unroasted $ 529.4 $ 432.3 Roasted
279.7 238.9 Other merchandise held for sale 318.3 265.7 Packaging and other supplies 179.0 154
12 Months Ended
Sep. 27, 2015
Equity and Cost Investments (in millions) Sep 27, Sep 28, Equity method investments $ 306.4 $
469.3 Cost method investments 45.6 45.6 Total $ 352.0 $ 514.9 Equity Method Investments As of
12 Months Ended
Sep. 27, 2015
Supplemental Balance Sheet Information (in millions) Property, Plant and Equipment, net Sep 27,
2015 Sep 28, 2014 Land $ 46.6 $ 46.7 Buildings 411.5 278.1 Leasehold improvements 5,409.6
12 Months Ended
Sep. 27, 2015
Other Intangible Assets and Goodwill Indefinite-Lived Intangible Assets (in millions) Sep 27, 2015
Sep 28, 2014 Trade names, trademarks and patents $ 202.8 $ 197.5 Other indefinite-lived intangib
Debt
Debt Disclosure [Abstract]
Debt
12 Months Ended
Sep. 27, 2015
Debt Revolving Credit Facility and Commercial Paper Program Our $750 million unsecured, revolvin
credit facility with various banks, of which $150 million may be used for issuances of letters of
Leases
Leases [Abstract]
Leases
12 Months Ended
Sep. 27, 2015
Leases Rent expense under operating lease agreements (in millions) : Fiscal Year Ended Sep 27,
2015 Sep 28, 2014 Sep 29, 2013 Minimum rent $ 1,026.3 $ 907.4 $ 838.3 Contingent rent 111.5
Equity
Equity [Abstract]
Equity
12 Months Ended
Sep. 27, 2015
12 Months Ended
Sep. 27, 2015
Employee Stock and Benefit Plans We maintain several equity incentive plans under which we ma
grant non-qualified stock options, incentive stock options, restricted stock, restricted stock units
Income Taxes
Income Tax Disclosure [Abstract]
Income Taxes
12 Months Ended
Sep. 27, 2015
Income Taxes Components of earnings/(loss) before income taxes (in millions) : Fiscal Year Ended
Sep 27, 2015 Sep 28, 2014 Sep 29, 2013 Total Litigation charge All Other United States $ 2,837.2
12 Months Ended
Sep. 27, 2015
Earnings per Share As discussed in Note 1 , Summary of Significant Accounting Policies, on April 9
2015, we effected a two -for-one stock split of our $0.001 par value common stock for shareholder
12 Months Ended
Sep. 27, 2015
Commitments and Contingencies Legal Proceedings On November 12, 2013, the arbitrator in our
arbitration with Kraft Foods Global, Inc. (now known as Kraft Foods Group, Inc.) ("Kraft") ordered
Segment Reporting
Segment Reporting [Abstract]
Segment Reporting
12 Months Ended
Sep. 27, 2015
Segment Reporting Our chief executive officer and chief operating officer comprise the Company's
Chief Operating Decision Maker function ("CODM"). Segment information is prepared on the same
12 Months Ended
Sep. 27, 2015
Selected Quarterly Financial Information (unaudited; in millions, except EPS) First Quarter Second
Quarter Third Quarter Fourth Quarter Full Year Fiscal 2015: Net revenues $ 4,803.2 $ 4,563.5 $
Subsequent Events
Subsequent Events [Abstract]
Subsequent Events
12 Months Ended
Sep. 27, 2015
Subsequent Events Subsequent to our fiscal year end, the European Commission has concluded th
decisions by the tax authorities in the Netherlands with regards to the corporate income tax paid b
12 Months Ended
Sep. 27, 2015
Principles of Consolidation Our consolidated financial statements reflect the financial position and
operating
of fiscal
Starbucks,
including
wholly-owned
subsidiaries
and investees
we
control.
Fiscal
Yearresults
End Our
year ends
on the
Sunday closest
to September
30. Fiscal that
years
2015
, 20
and 2013 included
52 weeksPreparing financial statements in conformity with accounting principle
Estimates
and Assumptions
generally
accepted
in the United
States of
("GAAP")
requireswith
management
Cash and Cash Equivalents
We consider
allAmerica
highly liquid
instruments
maturitiesto
ofmake
three mont
or
less
at
the
time
of
purchase,
as
well
as
credit
card
receivables
for
sales
to
customers
in our
Investments Available-for-sale Securities Our short-term and long-term investments consist
primar
of investment-grade
debt
all of receive
which are
as available-for-sale.
Fair
Value Fair value is
the securities,
price we would
to classified
sell an asset
or pay to transfer Available-for-s
a liability (exit
price) in anInstruments
orderly transaction
between
market participants.
For assets
and consolidated
liabilities recorded
or
Derivative
We manage
our exposure
to various risks
within our
financial
statements
according
to
a
market
price
risk
management
policy.
Under
this
policy,
we
may
engage
Receivables, net of Allowance for Doubtful Accounts Our receivables are mainly comprised of
receivables
for product are
andstated
equipment
toof
and
royalties
from
our licensees,
welloras
Inventories Inventories
at thesales
lower
cost
(primarily
moving
average as
cost)
market.
record inventory
reserves
for obsolete
and
slow-moving
inventory
andincludes
for estimated
Property,
Plant and
Equipment
Property,
plant
and equipment,
which
assets shrinkage
under capita
leases, are
at cost
less accumulated
depreciation.
Cost our
includes
direct
costsor
necessary
t
Goodwill
Wecarried
evaluate
goodwill
for impairment
annually during
third all
fiscal
quarter,
more
frequently
if
an
event
occurs
or
circumstances
change,
such
as
material
deterioration
in
Other Intangible Assets Other intangible assets consist primarily of finite-lived intangible assets,
which
mainly
consistWe
of use
acquired
and reacquired
rights, and
trade
secrets, licensing
agreements,
Insurance
Reserves
a combination
of insurance
self-insurance
mechanisms,
including
wholly-owned
captiveConsolidated
insurance entity
and participation
in anet
reinsurance
treaty, eliminations
to provide forfor
the
Revenue
Recognition
revenues
are presented
of intercompany
wholly-owned
subsidiaries
and investees
controlled
by us and
for product
sales toatand
and
Stored
Value Cards
Stored value
cards, primarily
Starbucks
Cards,
can be loaded
ourroyalty
companyoperated
and
most
licensed
store
locations,
online
at
StarbucksStore.com
or
via
mobile
devices
he
Marketing & Advertising Our annual marketing expenses include many components, one of which
advertising
costs. Expenses
We expense
most
advertising
costs as with
they the
are start-up
incurred,and
except
for certain
Store Preopening
Costs
incurred
in connection
promotion
of new
store openings
areLeases
expensed
as incurred.
Leases
Operating
We lease
retail stores, roasting, distribution and warehouse facilities, and
office Retirement
space for corporate
administrative
purposes
under
operating
leases.
Most lease
Asset
Obligations
We recognize
a liability
for the
fair value
of required
assetagreements
retiremen
obligations
("ARO")
when
such
obligations
are
incurred.
Our
AROs
are
primarily
associated
with
Stock-based Compensation We maintain several equity incentive plans under which we may
grant
non-qualified
stock
options,
incentive
stock
options,
restricted
stock,
restricted
stock
units
("RSUs"
Foreign Currency Translation Our international operations generally use their local currency as the
functional
currency.
Assets income
and liabilities
are translated
exchange
in effect
the balance
Income
Taxes
We compute
taxes using
the assetatand
liability rates
method,
underatwhich
deferre
income taxes
are recognized
basedper
on share
the differences
between
financial
statement
carrying
Earnings
per Share
Basic earnings
is computed
based the
on the
weighted
average
number
shares
of
common
stock
outstanding
during
the
period.
Diluted
earnings
per
share
is
computed
Common Stock Share Repurchases We may repurchase shares of Starbucks common stock under a
program
authorized
byissued
our Board
of Directors,
including pursuant
to a contract,
instruction
or writt
In July 2015,
the FASB
guidance
on the subsequent
measurement
of inventory,
which
changesAccounting
the measurement
from lower
cost or market
lower
of cost
and net realizable
value.
Recent
Pronouncements
In of
September
2015,to
the
Financial
Accounting
Standards
Board
("FASB") issued guidance on the recognition of adjustments to preliminary amounts recognized in
12 Months Ended
Sep. 27, 2015
Below is a tabular summary of the acquired intangible assets as of September 27, 2015 , for which
the gross
in total areour
$33.7
millionminimum
lower than
as of rental
the October
31, 2014
date
The
table balances
below summarizes
estimated
future
payments
underacquisition
the acquired
non-cancelable
operating
leases
and lease financing
arrangements
as net
of September
(in
The
following table
provides
the supplemental
pro forma
revenue and
earnings of27,
the2015
combine
entity
had
the
acquisition
date
of
Starbucks
Japan
been
the
first
day
of
our
first
quarter
of
fiscal
The following table shows the effects of the change in Starbucks ownership interest in Starbucks
Japan on Starbucks equity: Year Ended Sep 27, 2015 Sep 28, 2014 Net earnings attributable to
The following table summarizes the allocation of the total consideration to the fair values of the
assets acquired and liabilities assumed as of October 31, 2014 (in millions) : Consideration: Cash
The following table summarizes the allocation of the purchase price to the fair values of the assets
acquired and liabilities assumed on the closing date (in millions) : Fair Value at Dec 31, 2012 Cash
12 Months Ended
Sep. 27, 2015
Gains and losses on derivative contracts designated as hedging instruments included in AOCI and
expected
be reclassified
intocontracts
earnings designated
within 12 months,
net of
tax ( in millions
): Net
Gains
andto
losses
on derivative
as hedging
instruments
included
in Gains/
AOCI and
expected
to be
reclassified
into earnings
within designated
12 months, as
nethedging
of tax ( instruments
in millions ):recognized
Net Gains/ in
Pretax
gains
and
losses on derivative
contracts
other
comprehensive
income
("OCI")
and
reclassifications
from
AOCI
to
earnings
(
in
millions
): Yea
Pretax gains and losses on derivative contracts not designated as hedging instruments
recognized
earnings
( in millions
): Gains/(Losses)
Recognized
in Earnings
Sep :27,
Sep 28,
Foreign
Notional amounts
of outstanding
derivative
contracts
(in millions)
Sep2015
27, 2015
Sep2014
28, 2014
Interest rates $ 125 $ Cross-currency swaps 717 Foreign currency - other 577 542 Coffee 38 4
12 Months Ended
Sep. 27, 2015
Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions): Fair Value
Measurements at Reporting Date Using Balance at Quoted Prices in Active Markets for Identical
Inventories (Tables)
Inventory Disclosure [Abstract]
Inventories
12 Months Ended
Sep. 27, 2015
Inventories (in millions) Sep 27, 2015 Sep 28, 2014 Coffee: Unroasted $ 529.4 $ 432.3 Roasted
279.7 238.9 Other merchandise held for sale 318.3 265.7 Packaging and other supplies 179.0 154
12 Months Ended
Sep. 27, 2015
Equity and Cost Investments (in millions) Sep 27, Sep 28, Equity method investments $ 306.4 $
469.3 Cost method
investments
45.6 Total
$ 352.0
$ 514.9
Summarized
combined
financial 45.6
information
of our
equity
method investees, which represent 100%
of the investees financial information ( in millions ): Financial Position as of Sep 27, Sep 28, Curren
12 Months Ended
Sep. 27, 2015
Property, Plant and Equipment, net Sep 27, 2015 Sep 28, 2014 Land $ 46.6 $ 46.7 Buildings 411.5
278.1 Leasehold
improvements
Store equipment
1,707.5
Roasting
Accrued
Liabilities
Sep 27, 20155,409.6
Sep 28, 4,858.4
2014 Accrued
compensation
and 1,493.3
related costs
$ 522.3 $
437.9 Accrued occupancy costs 137.2 119.8 Accrued taxes 259.0 272.0 Accrued dividends payable
12 Months Ended
Sep. 27, 2015
Indefinite-Lived Intangible Assets (in millions) Sep 27, 2015 Sep 28, 2014 Trade names, trademark
and patents
$ 202.8
197.5
Other
indefinite-lived
intangible
assetsoperating
15.1 15.1segment
Total indefinite-lived
Goodwill
Changes
in $
the
carrying
amount
of goodwill
by reportable
(in millions
Americas China/Asia
Channel
All Other
Segments
Total Balance
at September
inite-Lived
IntangiblePacific
AssetsEMEA
Sep 27,
2015 Sep
28, 2014
(in millions)
Gross Carrying
Amount29, 201
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Estimated future amortization expense as of September 27, 2015 ( in millions ): Fiscal Amortization
Year Ending
2016 $ 53.2 2017 52.9 2018 51.5 2019 51.2 2020 51.1 Thereafter 42.6 Total estimated future
Debt (Tables)
Debt Disclosure [Abstract]
Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values
Schedule of Maturities of Long-term Debt [Table Text Block]
12 Months Ended
Sep. 27, 2015
Components of long-term debt including the associated interest rates and related fair values ( in
millions,
except
interest
rates) : our
Sep long-term
27, 2015 Sep
2014 Stated
Rate27,
Effective
The
following
table
summarizes
debt28,
maturities
as ofInterest
September
2015 ( Interest
in millio
): Fiscal Year Total 2016 $ 2017 400.0 2018 2019 350.0 2020 Thereafter 1,600.0 Total $
Leases (Tables)
Leases [Abstract]
Rent Expense Under Operating Lease Agreements
Minimum future rental payments
12 Months Ended
Sep. 27, 2015
Rent expense under operating lease agreements (in millions) : Fiscal Year Ended Sep 27, 2015 Sep
28, 2014
29,summarizes
2013 Minimum
rent $ 1,026.3
$ 907.4
$ 838.3
Contingent
111.5
56.4
The
table Sep
below
our estimated
minimum
future
rental
paymentsrent
under
the66.8
acquired
non-cancelable operating leases and lease financing arrangements as of September 27, 2015 (in
Equity (Tables)
Equity [Abstract]
Dividends Declared
Changes in Components of Accumulated Other Comprehensive Income, Net of Tax
Impact of Reclassification from Accumulated Other Comprehensive Income on Earnings
12 Months Ended
Sep. 27, 2015
During fiscal years 2015 and 2014 , our Board of Directors declared the following dividends ( in
millions, except
per shareother
amounts)
: Dividend income
Per Share
Recordby
date
Total Amount
Payment
Date
Changes
in accumulated
comprehensive
("AOCI")
component,
for year
ended
September
27, 2015 , net of
tax:AOCI
(in millions)
Available-for-Sale
Securities
Cash Flow
Hedges Net
Impact
of reclassifications
from
on the consolidated
statements
of earnings
(in millions)
: AO
Components Amounts Reclassified from AOCI Affected Line Item in the Statements of Earnings Fisc
12 Months Ended
Sep. 27, 2015
Stock-based compensation expense recognized in the consolidated financial statements (in million
: Fiscal
Ended
Sepoption
27, 2015
Sep 28,
Sep 29,
Options
37.8the
$ 41.8
$ 37.1weighted
RSUs
The
fairYear
value
of stock
awards
was2014
estimated
at 2013
the grant
date$with
following
average
assumptions
for fiscal
years
, 2014
, and 2013
: Employee
Stockexcept
Options
Fiscal
Year
Stock
option
transactions
for the
year2015
ended
September
27, 2015
(in millions,
per
share
an
contractual
life
amounts)
:
Shares
Weighted
Weighted
Aggregate
Outstanding,
September
28,
201
RSU transactions for the year ended September 27, 2015 (in millions, except per share and
contractual life amounts) : Number Weighted Weighted Aggregate Nonvested, September 28, 201
12 Months Ended
Sep. 27, 2015
Components of earnings/(loss) before income taxes (in millions) : Fiscal Year Ended Sep 27, 2015
Sep 28, 2014 Sep 29,
Total
Litigation
charge
All Other
$ 2015
2,837.2
$ 28,
2,572.4
Provision/(benefit)
for 2013
income
taxes
(in millions)
: Fiscal
YearUnited
Ended States
Sep 27,
Sep
2014$Se
29, 2013 Total of
Litigation
chargeU.S.
All federal
Other Current
U.S.
federal
$ 801.0 $income
822.7 $
616.6
Reconciliation
the statutory
incometaxes:
tax rate
with
our effective
tax
rate:$Fisc
Year
Ended
Sep
27,
2015
Sep
28,
2014
Sep
29,
2013
Total
Litigation
charge
All
Other
Statutory
rat
Tax effect of temporary differences and carryforwards that comprise significant portions of deferre
tax
andtable
liabilities
(in millions):
Sep 27,
2015 Sep
28,unrecognized
2014 Deferred
assets:(in
Property,
The assets
following
summarizes
the activity
related
to our
taxtax
benefits
millions) :
Sep 27, 2015 Sep 28, 2014 Sep 29, 2013 Beginning balance $ 112.7 $ 88.8 $ 75.3 Increase related
12 Months Ended
Sep. 27, 2015
Calculation of net earnings per common share ("EPS") basic and diluted (in millions, except EPS
Fiscal Year Ended Sep 27, 2015 Sep 28, 2014 Sep 29, 2013 Net earnings attributable to Starbucks
12 Months Ended
Sep. 27, 2015
Consolidated revenue mix by product type (in millions) : Fiscal Year Ended Sep 27, 2015 Sep 28,
2014 Sep 29,
Beverage
$ 11,115.4
58 ):
% Fiscal
$ 9,458.4
% $ Sep
8,674.7
58 % Sep
Food28,
3,085.3
16 %29
Information
by2013
geographic
area
( in millions
Year 58
Ended
27, 2015
2014 Sep
2013table
Net revenues:
United
States $information
14,123.7 $for
12,590.6
$ 11,389.6
Other countries
The
below presents
financial
our reportable
operating
segments5,039.0
and All 3,857
Othe
Segments
for
the
years
ended
September
27,
2015
,
September
28,
2014
,
and
September
29,
20
The following table reconciles total segment operating income in the table above to consolidated
earnings/(loss) before income taxes (in millions) : Fiscal Year Ended Sep 27, 2015 Sep 28, 2014 Se
12 Months Ended
Sep. 27, 2015
Selected Quarterly Financial Information (unaudited; in millions, except EPS) First Quarter Second
Quarter Third Quarter Fourth Quarter Full Year Fiscal 2015: Net revenues $ 4,803.2 $ 4,563.5 $
13,500
$ 109
6.30%
100.00%
14.70%
14.70%
31,000
$ 258
120.39
120.39
55,0
Oct. 31,
2014
the intangible assets that do not qualify for separate recognition and primarily includes the acquir
customer base, the acquired workforce including store partners in the region that have strong
4 years
39.50%
$ 508
79.00%
21.00%
Oct. 31,
2014
$ 815
the intangible assets that do not qualify for separate recognition and primarily includes the acquir
customer base, the acquired workforce including store partners in the region that have strong
$7
$ 15
9 years 4 months 24 days
$5
$3
6 years 4 months 24 days
$
10 years 10 months 24 days
$
4 years
$ 8.9
3.7
3,200
$ 26
9,600
120.72
123.87
$ 44
44
44
44
44
$ 29
39.50%
60.50%
$ 78
123.87
$ 15.9
$ 2.4
$ 45.9
82.00%
$ 68.6
100.00%
$ 8.1
to elevate our tea offerings as well as expand our domestic and global tea footprint
$ 615
Dec. 31,
2012
$ 467
the intangible assets that do not qualify for separate recognition, primarily including Teavana's
established global store presence in high traffic mall locations and other high-sales-volume retail
$ 105
$
10 years
$2
3 years
123.87
$ (33.7)
674
$6
$
1,137
$ 390
Acquiring Starbucks Japan further leverages our existing infrastructure to continue disciplined reta
store growth and expand our presence into other channels in the Japan market, such as consumer
120.
$ 11
730
(85
(0
390
1,1
108
19,254
2,380
$ 13
$ 7.7
894.7
$0
39.50%
60.50%
21.00%
$ 17,646.4
$ 2,449.9
82.00%
108.13
100.00%
$ 12.2
$ 35.2
15 years
2 years
40 years
30 years
10 years
3 years
2
$ 0.001
$0
$ 6.7
31.2
(14.7)
19
$ (17.4)
12.7
38.3
33
315.5
198.9
306.8
$ 205.8
4.1
$ 28.4
$ 0.001
$ 78
$ 615.8
$ 467.5
$ 603.6
$ 730.5
$ 47
21.3
59.7
120.8
19.8
(36)
(54.3)
(35.2)
$ (7)
$ 380.6
(78.1)
302.5
$ 89.8
(28.9)
60.9
308.6
(52.5)
256.1
36.8
(10.1)
26.7
13.4
(1.1)
12.3
289.3
(40.7)
248.6
273.2
(39)
234.2
13.4
(1.1)
12.3
2.7
(0.6)
$ 2.1
0
0
$0
83.7
66.5
49
37.5
30.3
129.4
396.4
2.8
2.8
2.8
2.8
2.7
24.8
$ 38.7
3 Months Ended
Dec. 28, 2014
$ 983.1
3 Months Ended
Sep. 28, 2014
$ 587.9
12 Months Ended
Sep. 28, 2014
$ 2,757.4
1.7
$ 2,759.1
$ 2,068.1
2,068.1
$0
[1]
(1) Release of pretax cumulative net gains in AOCI related to our net investment derivative instrum
Jun. 15,
2022
Jun. 15,
2045
6.25%
$ 550
$2
$ 250
instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.
Starbucks Japan.
$ (70.5)
390.6
$ (64.1)
0
7.2
$0
390.6
39.50%
7.2
$0
550
$ 3.2
$0
$ (28.1)
$0
$ 500
2.70%
2.70%
$ 350
4.30%
4.30%
$0
6.25%
6.25%
$ 125
$ 250
86.5
$ 717
3 Months Ended
Sep. 27, 2015
$ 30.1
$ 3.5
$ 36.4
4 months
$ (27.8)
$0
111 months
$ 29
$ 19.2
10.6
$ (5.7)
$ (2.5)
(0.7)
35 months
12 months
$ 1.3
$0
0 months
$ 3.2
12 Months Ended
Sep. 27, 2015
Sep. 28, 2014
$ (6.8)
3.2
$ 0.5
5
11.4
46.2
0
0
52
26.1
24
8
(9)
(3.5)
4.3
$ 7.2
(0.4)
(13.1)
25.5
$0
12 Months Ended
Sep. 27, 2015
Sep. 28, 2014
$ 27.1
$ 1.7
(0.2)
(3.8)
12.6
$ (9)
$ (1)
86.5
$ 125
$0
717
577
542
38
45
43
24
$ 14
$ 17
12 Months Ended
Sep. 28, 2014
$ 600.6
98.3
$ (4.5)
4 years
$ 1,454.8
$ 60.2
106.4
$ 1.2
$ 11.7
Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurrin
Basis) (Details) - USD ($) $ in Millions
Assets [Abstract]
Total short-term investments
Long-term investments: Available-for-sale securities
Total assets
Liabilities [Abstract]
Total liabilities
Cash and cash equivalents [Member]
Assets [Abstract]
Cash and cash equivalents
Short-term investments [Member]
Assets [Abstract]
Short-term investments: Available-for-sale securities
Short-term investments: Trading securities
Total short-term investments
Prepaid expenses and other current assets [Member]
Assets [Abstract]
Prepaid expenses and other current assets: Derivative assets
Long-term investments [Member]
Assets [Abstract]
Long-term investments: Available-for-sale securities
Other long-term assets [Member]
Assets [Abstract]
Other long-term assets: Derivative assets
Accrued liabilities [Member]
Liabilities [Abstract]
Accrued liabilities: Derivative liabilities
Other long-term liabilities [Member]
Liabilities [Abstract]
Other long-term liabilities: Derivative liabilities
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Total assets
Liabilities [Abstract]
Total liabilities
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Cash and cash equivalent
[Member]
Assets [Abstract]
Cash and cash equivalents
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Short-term investments
[Member]
Assets [Abstract]
Short-term investments: Available-for-sale securities
Short-term investments: Trading securities
Total short-term investments
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Prepaid expenses and oth
current
[Member]
Assets assets
[Abstract]
Prepaid expenses and other current assets: Derivative assets
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Long-term investments
[Member]
Assets [Abstract]
Long-term investments: Available-for-sale securities
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Other long-term assets
[Member]
Assets [Abstract]
Other long-term assets: Derivative assets
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Accrued liabilities [Memb
Liabilities [Abstract]
Accrued liabilities: Derivative liabilities
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Other long-term liabilities
[Member]
Liabilities [Abstract]
Other long-term liabilities: Derivative liabilities
Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total assets
Liabilities [Abstract]
Total liabilities
Significant Other Observable Inputs (Level 2) [Member] | Cash and cash equivalents [Member]
Assets [Abstract]
Cash and cash equivalents
Significant Other Observable Inputs (Level 2) [Member] | Short-term investments [Member]
Assets [Abstract]
Short-term investments: Available-for-sale securities
Short-term investments: Trading securities
Total short-term investments
Significant Other Observable Inputs (Level 2) [Member] | Prepaid expenses and other current asse
[Member]
Assets [Abstract]
Prepaid expenses and other current assets: Derivative assets
Significant Other Observable Inputs (Level 2) [Member] | Long-term investments [Member]
Assets [Abstract]
Long-term investments: Available-for-sale securities
Significant Other Observable Inputs (Level 2) [Member] | Other long-term assets [Member]
Assets [Abstract]
Other long-term assets: Derivative assets
Significant Other Observable Inputs (Level 2) [Member] | Accrued liabilities [Member]
Liabilities [Abstract]
Accrued liabilities: Derivative liabilities
Significant Other Observable Inputs (Level 2) [Member] | Other long-term liabilities [Member]
Liabilities [Abstract]
Other long-term liabilities: Derivative liabilities
Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total assets
Liabilities [Abstract]
Total liabilities
Significant Unobservable Inputs (Level 3) [Member] | Cash and cash equivalents [Member]
Assets [Abstract]
Cash and cash equivalents
Significant Unobservable Inputs (Level 3) [Member] | Short-term investments [Member]
Assets [Abstract]
Short-term investments: Available-for-sale securities
Short-term investments: Trading securities
Total short-term investments
Significant Unobservable Inputs (Level 3) [Member] | Prepaid expenses and other current assets
[Member]
Assets [Abstract]
Prepaid expenses and other current assets: Derivative assets
Significant Unobservable Inputs (Level 3) [Member] | Long-term investments [Member]
Assets [Abstract]
Long-term investments: Available-for-sale securities
Significant Unobservable Inputs (Level 3) [Member] | Other long-term assets [Member]
Assets [Abstract]
Other long-term assets: Derivative assets
Significant Unobservable Inputs (Level 3) [Member] | Accrued liabilities [Member]
Liabilities [Abstract]
Accrued liabilities: Derivative liabilities
Significant Unobservable Inputs (Level 3) [Member] | Other long-term liabilities [Member]
Liabilities [Abstract]
Other long-term liabilities: Derivative liabilities
Agency obligations [Member] | Long-term investments [Member]
Assets [Abstract]
Long-term investments: Available-for-sale securities
Agency obligations [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1)
[Member]
| Long-term investments [Member]
Assets [Abstract]
Long-term investments: Available-for-sale securities
Agency obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term
investments
[Member]
Assets [Abstract]
Long-term investments: Available-for-sale securities
Agency obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term
investments
[Member]
Assets [Abstract]
Corporate debt securities [Member] | Significant Other Observable Inputs (Level 2) [Member] |
Short-term
investments [Member]
Assets [Abstract]
Assets [Abstract]
Long-term investments: Available-for-sale securities
U.S. government treasury securities [Member] | Short-term investments [Member]
Assets [Abstract]
Short-term investments: Available-for-sale securities
U.S. government treasury securities [Member] | Long-term investments [Member]
Assets [Abstract]
Long-term investments: Available-for-sale securities
U.S. government treasury securities [Member] | Quoted Prices In Active Markets for Identical Asset
(Level
[Member] | Short-term investments [Member]
Assets1)[Abstract]
33.7
1,530.1
1,708.4
15.5
65.8
81.3
63.2
72.2
135.4
50.8
28.7
312.5
318.4
54.7
18
19.2
2.4
14.5
1,700.7
1,887.2
3.6
1,530.1
1,708.4
0
65.8
65.8
10.9
72.2
83.1
0.9
104.8
94.8
3.6
0.4
322.8
307.9
30.1
15.5
0
15.5
52.3
0
52.3
50.8
27.8
201.8
209.8
54.7
18
15.6
14.5
5.9
0
13.8
0
0
0
0
0
0
5.9
13.8
8.6
8.9
8.6
8.9
10.2
4.9
121.8
130.9
10.2
4.9
121.8
130.9
5.9
13.8
5.9
13.8
33.7
18.5
17.4
33.7
18.5
17.4
10.9
104.8
94.8
10.9
104.8
94.8
3.3
12.7
9.7
6.7
3.3
12.7
9.7
6.7
43.2
45.9
43.2
45.9
$0
$0
3 Months Ended
Sep. 27, 2015USD ($)
$ 819
266
$ 38
Equity and Cost Investments (Equity Method Investments) (Narrative) (Details) - USD (
$ in Millions
Schedule of Equity Method Investments [Line Items]
Equity method investments
Revenues generated from related parties
Related costs of sales
Accounts receivables from equity method investees
President Starbucks Coffee (Shanghai) [Member]
Schedule of Equity Method Investments [Line Items]
Preexisting ownership percentage
Starbucks Coffee Korea Co., Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Preexisting ownership percentage
President Starbucks Coffee Corporation (Taiwan) [Member]
Schedule of Equity Method Investments [Line Items]
Preexisting ownership percentage
Tata Starbucks Limited (India) [Member]
Schedule of Equity Method Investments [Line Items]
Preexisting ownership percentage
Starbucks Spain [Member]
Schedule of Equity Method Investments [Line Items]
Preexisting ownership percentage
Payments to acquire equity method investments
North American Coffee Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Preexisting ownership percentage
Berjaya Starbucks Coffee Company Sdn. Bhd. (Malaysia) [Member]
Schedule of Equity Method Investments [Line Items]
Preexisting ownership percentage
Proceeds from sale of equity method investments
Gain on sale of investments
Starbucks Coffee Japan Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Preexisting ownership percentage
Remaining Ownership Interest in Equity Method Investee to be Acquired
3 Months Ended
Sep. 28, 2014
Sep. 29, 2013
$ 469.3
12 Months Ended
Sep. 28, 2014
$ 306.4
153.4
94.5
$ 36.7
$ 54.9
$ 469.3
219.2
121.2
$ 54.9
50.00%
50.00%
50.00%
50.00%
49.00%
49.00%
$ 33
50.00%
50.00%
50.00%
$ 88
$ 67.8
39.50%
60.50%
39.50%
60.50%
hs Ended
Sep. 29, 2013
$ 205.1
$ 115.4
49.00%
Equity and Cost Investments (Cost Method Investments) (Narrative) (Details) - USD ($)
in Millions
Schedule of Cost-method Investments [Line Items]
Cost method investments
Company Store Investees [Member]
Schedule of Cost-method Investments [Line Items]
Cost method investments
Square Preferred Shares [Member]
Schedule of Cost-method Investments [Line Items]
Cost method investments
Argentina Joint Venture
Schedule of Cost-method Investments [Line Items]
Ownership interest in joint venture sold
Proceeds from divestiture of interest in joint venture
Gain/(loss) on sale of joint venture
Mexico Joint Venture [Member]
Schedule of Cost-method Investments [Line Items]
Ownership interest in joint venture sold
Proceeds from divestiture of interest in joint venture
Gain/(loss) on sale of joint venture
3 Months Ended
Sep. 29, 2013
Mar. 31, 2013
19
$ 25
18.00%
$ 4.4
$ (1)
18.00%
$ 50.3
$ 35.2
Equity and Cost Investments (Equity and Cost Investments) (Details) - USD ($) $ in
Millions
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments
Cost method investments
Total
12 Months Ended
Sep. 28, 2014
$ 402.8
578.8
490
38.7
2,688
426.4
$ 392.1
$ 701.3
873.9
615.6
79.1
3,461.3
467.7
$ 382.6
$ 3,018.7
434.8
$ 358
Supplemental Balance Sheet Information (Property, Plant and Equipment, net) (Details
USD ($) $ in Millions
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross
Accumulated depreciation
Property, plant and equipment, net
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross
Store equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross
Roasting equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross
Furniture, fixtures and other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross
Work in progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross
46.6
46.7
411.5
278.1
5,409.6
4,858.4
1,707.5
1,493.3
542.4
410.9
1,281.7
1,078.1
$ 242.5
$ 415.6
Other Intangible Assets and Goodwill (Narrative) (Details) - USD ($) $ in Millions
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for finite-lived intangible assets
12 Months Ended
Sep. 28, 2014
$ 50
$ 8.7
$ 217.9
$ 212.6
202.8
197.5
$ 15.1
$ 15.1
[1]
[1]
[1]
[1]
[1]
[1]
Other is primarily comprised of changes in the goodwill balance as a result of foreign currency tran
12 Months Ended
Sep. 27, 2015
Sep. 28, 2014
$ 865.6
(9.4)
856.2
813.1
(0.5)
(93.4)
1,585.3
(9.9)
1,575.4
$ 871.5
(8.6)
862.9
227.6
(8.6)
219
(2.5)
0
(5.3)
219.8
(8.6)
211.2
230.2
(8.6)
221.6
74.9
0
74.9
815.6
0
(86.4)
804.1
0
804.1
75.1
0
75.1
59.1
0
59.1
0
0
(1.7)
57.4
0
57.4
62.2
0
62.2
(0.8)
(5.9)
865.6
(9.4)
856.2
0
(2.6)
227.6
(8.6)
219
0
(0.2)
74.9
0
74.9
0
(3.1)
59.1
0
59.1
ncy translation.
23.8
0
23.8
0
0
0
23.8
0
23.8
480.2
(0.8)
479.4
0
(0.5)
0
480.2
(1.3)
$ 478.9
23.8
0
23.8
0
0
23.8
0
23.8
480.2
0
480.2
(0.8)
0
480.2
(0.8)
$ 479.4
Other Intangible Assets and Goodwill (Finite-Lived Intangible Assets) (Details) - USD ($
$ in Millions
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount
Accumulated amortization
Net Carrying Amount
Acquired and reacquired rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount
Accumulated amortization
Net Carrying Amount
Acquired trade secrets and processes [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount
Accumulated amortization
Net Carrying Amount
Licensing agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount
Accumulated amortization
Net Carrying Amount
Trade Names, trademarks and patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount
Accumulated amortization
Net Carrying Amount
Other finite-lived intangible assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount
Accumulated amortization
Net Carrying Amount
$ 380.6
(78.1)
302.5
$ 89.8
(28.9)
60.9
308.6
(52.5)
256.1
36.8
(10.1)
26.7
27.6
(8.2)
19.4
27.6
(5.4)
22.2
13.4
(1.1)
12.3
0
0
0
24.5
(13)
11.5
21.6
(11.6)
10
6.5
(3.3)
$ 3.2
3.8
(1.8)
$2
Other Intangible Assets and Goodwill (Estimated Future Amortization Expense) (Details
USD ($) $ in Millions
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstra
2,0
2,0
2,0
2,0
2,0
Thereafter
Net Carrying Amount
$ 60.9
Dec. 2,
Dec. 5, 2013
2016$ 400
0.875%
$ 550
6.25%
Dec. 2,
Dec. 5, 2013
2018$ 350
2.00%
Jun. 15,
2022
Jun. 1,
2015 $ 500
2.70%
Sep. 6,
Oct. 1, 2013
2023$ 750
3.85%
Jun. 15,
2045
$ 350
4.30%
$ 750
150
750
1,000
750
93
0
$ 400
0.875%
$ (61.1)
$0
6.25%
$ 350
2.00%
$ 500
2.70%
$ 750
3.85%
$ 350
4.30%
$2
$ (61
(70
70
3
7
$1
Jan. 21,
2020
$7
$
0.565%
0.00%
The indentures under which the above notes were issued also require us to maintain compliance
with certain covenants, including limits on future liens and sale and leaseback transactions on
$ 1,0
7
$
397 days
$4
0.875%
$
6.25%
$3
2.00%
$5
2.70%
$7
3.85%
$3
4.30%
$3
400
550
350
750
$ 750
3.85%
$5
Debt (Components of Long-Term Debt Including Associated Interest Rates and Related
Fair Values) (Details) - USD ($) $ in Millions
Debt Instrument [Line Items]
Total, Face Value
Aggregate unamortized discount
Total, Estimated Fair Value
Total, Carrying Value, net of aggregate unamortized discount
Point Eight Seven Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value
Stated Interest Rate
Effective Interest Rate
Six Point Two Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value
Stated Interest Rate
Effective Interest Rate
Two Point Zero Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value
Stated Interest Rate
Effective Interest Rate
Two Point Seven Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value
Stated Interest Rate
Effective Interest Rate
Three Point Eight Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value
Stated Interest Rate
Effective Interest Rate
Four Point Three Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value
Stated Interest Rate
Effective Interest Rate
Fair Value, Inputs, Level 2 [Member] | Point Eight Seven Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value
Fair Value, Inputs, Level 2 [Member] | Six Point Two Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value
Fair Value, Inputs, Level 2 [Member] | Two Point Zero Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value
Fair Value, Inputs, Level 2 [Member] | Two Point Seven Percentage Senior Notes [Member]
$ 2,350
2.5
2,402
2,347.5
$ 2,050
1.7
2,164
2,048.3
$ 400
400
$0
550
0.875%
0.941%
6.25%
0.00%
6.25%
$ 350
350
$ 500
$ 750
750
$ 350
$ 400
400
625
354
353
2.00%
2.012%
2.70%
2.819%
3.85%
2.86%
4.30%
4.348%
503
790
786
$ 355
$0
Debt Debt (Summary of long-term debt maturities) (Details) - USD ($) $ in Millions
Debt Disclosure [Abstract]
2,0
2,0
2,0
2,0
2,0
Thereafter
Total
$ 2,050
12 Months E
Sep. 27, 2015
$ 11.9
9,641.8
5,553.5
66.8
$ 2.5
12 Months Ended
Sep. 28, 2014
$ 13.3
8,581.1
$ 5,062.1
Leases (Rent Expense Under Operating Lease Agreements) (Details) - USD ($) $ in
Millions
Leases [Abstract]
Minimum rent
Contingent rent
Total
12 Months Ended
Sep. 28, 2014
$ 1,026.3
111.5
$ 1,137.8
$ 907.4
66.8
$ 974.2
2
$ 0.001
$ 0.001
50,000,000
2,400,000,000
$ 39.4
21,000,000
$ 769.8
3 Months Ended
Dec. 28, 2014
$ 0.16
$ 0.2
Nov. 12,
Aug. 6,
May 7,
Feb. 5,
2015 $ 297
2015 $ 239
2015
2015$ 240.1
$ 240.1
Nov. 27,
Aug. 21,
May 22,
Feb. 20,
2015
2015
2015
2015
3 Months Ended
Sep. 28, 2014
$ 0.16
Nov. 13,
Aug. 7,
May 8,
Feb. 6,
2014$ 239.8
2014$ 195.3
2014
2014$ 196.4
$ 195.5
Nov. 28,
Aug. 22,
May 23,
Feb. 21,
2014
2014
2014
2014
12 Months Ended
Sep. 28, 2014
$ 25.3
(224.7)
(199.4)
(0.4)
0.9
(0.6)
0.3
0
(0.1)
46.3
30.8
(51.5)
(20.7)
0
25.6
$ (41.7)
25.3
$ 44.3
(0.5)
1
(0.9)
0.1
(0.4)
(0.5)
26.8
16.3
3.2
19.5
46.3
26.8
3.2
2.7
(4.6)
(1.9)
0
1.3
(12.9)
16.1
0
16.1
(23.8)
(185.6)
14.3
(171.3)
31.1
(226.2)
53.6
(77.4)
0
(77.4)
(23.8)
53.6
25.3
(151.2)
(42.4)
(193.6)
31.1
$ (199.4)
67
(44)
2.3
(41.7)
44.3
3.2
$ 25.3
(12.9)
$ 67
[1]
[2]
[1]
[2]
[2]
(1) Release of pretax cumulative net gains in AOCI related to our net investment derivative instrum
(2) Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign b
$ 4,914.8
$2
$ 4,881.2
$ 4,563.5
3 Months Ended
Dec. 28, 2014
$ 4,803.2
instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.
reign business.
3 Months Ended
Sep. 28, 2014
$ 4,180.8
39.50%
$ 4,153.7
$ 3,873.8
$ 4,239.6
12 Months Ended
Sep. 28, 2014
$ (70.5)
43
19,162.7
(7,787.5)
390.6
(1,143.7)
$ (64.1)
142.7
16,447.8
(6,858.8)
0
(1,092)
64.9
(23.1)
41.8
0.1
(3.3)
(3.2)
(4.6)
7.2
14.3
(7.1)
(7.2)
0
0
3.2
46.2
14
5.1
8.6
$ (10)
390.6
39.50%
$ 7.2
Employee Stock and Benefit Plans (Narrative) (Details) $ / shares in Units, shares in
Millions, $ in Millions
Class of Stock [Line Items]
Stock split conversion ratio
Common stock, par value | $ / shares
Maximum permitted contribution to Employee Stock Purchase Plan, percent
Discounted stock purchase price, percent of market value
Number of shares issued under plan | shares
Matching contributions
Stock Options and Restricted Stock Units [Member]
Common stock available for issuance | shares
Employee Stock [Member]
Common stock available for issuance | shares
Stock Options [Member]
Award expiration period (years)
Total unrecognized stock-based compensation expense, net of estimated forfeitures
Weighted average recognition period for total unrecognized stock-based compensation expense (i
years)
Total intrinsic value of stock options exercised
Total fair value of options vested
Restricted Stock Units (RSUs) [Member]
Total unrecognized stock-based compensation expense, net of estimated forfeitures
Weighted average recognition period for total unrecognized stock-based compensation expense (i
years)
Granted, weighted average grant date fair value per share | $ / shares
Total fair value of RSUs vested
Director [Member] | Stock Options [Member] | Minimum [Member]
Award vesting period for non-employee directors (years)
Director [Member] | Stock Options [Member] | Maximum [Member]
Award vesting period for non-employee directors (years)
Common Stock [Member]
Class of Stock [Line Items]
Stock split conversion ratio
Common stock, par value | $ / shares
2
$ 0.001
$ 0.001
$ 73
$ 54.7
258
$ 44
539
$ 56
$ 40.07
$ 103
$ 25.12
$ 104
12 Months Ended
Sep. 28, 2014
$ 209.8
72.3
1.9
$ 183.2
63.4
1.9
$ 142.3
49.8
1.8
37.8
41.8
37.1
$ 172
$ 141.4
$ 105.2
Employee Stock and Benefit Plans (Employee Stock Options Granted During the Period
Valuation Assumptions) (Details) - $ / shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected term (in years)
Expected stock price volatility
Risk-free interest rate
Expected dividend yield
Weighted average grant price
Estimated fair value per option granted
12 Months Ended
Sep. 28, 2014
4 years 6 months
26.80%
1.10%
1.30%
$ 40.12
$ 8.36
Employee Stock and Benefit Plans (Stock Option Transactions) (Details) - USD ($) $ /
shares in Units, shares in Millions, $ in Millions
Shares Subject to Options
Outstanding, September 28, 2014, Shares Subject to Options
Granted, Shares Subject to Options
Exercised, Shares Subject to Options
Expired/forfeited, Shares Subject to Options
Outstanding, September 27, 2015, Shares Subject to Options
Exercisable, September 27, 2015, Shares Subject to Options
Vested and expected to vest, September 27, 2015, Shares Subject to Options
Weighted Average Exercise Price per Share
Outstanding, September 28, 2014, Weighted Average Exercise Price per Share Beginning Balance
Granted, Weighted Average Exercise Price per Share
Exercised, Weighted Average Exercise Price per Share
Expired/forfeited, Weighted Average Exercise Price per Share
Outstanding, September 27, 2015, Weighted Average Exercise Price per Share Ending Balance
Exercisable at September 27, 2015, Weighted Average Exercise Price per Share
Vested and expected to vest, September 27, 2015, Weighted Average Exercise Price per Share
Additional Disclosures
Outstanding, Weighted Average Remaining Contractual Life (Years)
Exercisable, September 27, 2015, Weighted Average Remaining Contractual Life (Years)
Vested and expected to vest, September 27, 2015, Weighted Average Remaining Contractual Life
(Years)
Aggregate Intrinsic Value
Outstanding, Aggregate Intrinsic Value
Exercisable, September 27, 2015, Aggregate Intrinsic Value
Vested and expected to vest, September 27, 2015, Aggregate Intrinsic Value
12 Months Ended
Sep. 28, 2014
39.6
6.4
(11.3)
(1.1)
33.6
21.1
32.4
$ 18.93
39.89
14.99
32.38
23.81
16.75
$ 23.29
6 years
4 years 8 months 12 days
5 years 10 months 24 days
$ 1,150
872
$ 1,125
39.6
$ 40.12
$ 18.93
$ 754
$ 25.62
Employee Stock and Benefit Plans (RSU Transactions) (Details) - Restricted Stock Unit
(RSUs) [Member] - USD ($) $ / shares in Units, shares in Millions, $ in Millions
Nonvested, Number of Shares
Nonvested, September 28, 2014, Number of Shares
Granted, Number of Shares
Vested, Number of Shares
Forfeited/canceled, Number of Shares
Nonvested, September 27, 2015, Number of Shares
Weighted Average Grant Date Fair Value per Share
Nonvested, September 28, 2014, Weighted Average Grant Date Fair Value per Share
Granted, Weighted Average Grant Date Fair Value per Share
Vested, Weighted Average Grant Date Fair Value per Share
Forfeited/canceled, Weighted Average Grant Date Fair Value per Share
Nonvested, September 27, 2015, Weighted Average Grant Date Fair Value per Share
Additional Disclosures
Nonvested, Weighted Average Remaining Contractual Life (Years)
Nonvested, Aggregate Intrinsic Value
12 Months Ended
Sep. 28, 2014
10.8
6.7
(5.1)
(1.7)
10.7
$ 31.17
38.56
26.73
36.10
$ 36.35
11 months 24 days
1 year
$ 620
10.8
$ 40.07
$ 31.17
$ 407
$ 25.12
12 Months Ended
Sep. 28, 2014
15 years
$ 2,800
(23.1)
32
309.5
150.4
101.7
0.7
11.3
$ 31.2
$ 6.3
112.7
$ 88.8
5.9
$ 10.6
$ (0.8)
$ 75.3
Income Taxes (Components of Earnings Before Income Taxes) (Details) - USD ($) $ in
Millions
Income Tax Disclosure [Abstract]
United States, Total
United States, Related to litigation charge
United States, All Other
Foreign, Total
Foreign, Related to litigation charge
Foreign, All Other
Earnings/(loss) before income taxes
Earnings before income taxes, Related to litigation charge
Earnings before income taxes, All Other
12 Months Ended
Sep. 28, 2014
$ 2,837.2
$ 2,572.4
1,065.8
587.3
$ 3,903
$ 3,159.7
Income Taxes (Provision for Income Taxes) (Details) - USD ($) $ in Millions
Income Tax Disclosure [Abstract]
Current taxes: U.S. federal, Total
Current taxes: U.S. federal, Related to litigation charge
Current taxes: U.S. federal, All Other
Current taxes: U.S. state and local, Total
Current taxes: U.S. state and local, Related to litigation charge
Current taxes: U.S. state and local, All Other
Current taxes: Foreign, Total
Current taxes: Foreign, Related to litigation charge
Current taxes: Foreign, All Other
Total current taxes
Total current taxes, Related to litigation charge
Total current taxes, All Other
Deferred taxes: U.S. federal, Total
Deferred taxes: U.S. federal, Related to litigation charge
Deferred taxes: U.S. federal, All Other
Deferred taxes: U.S. state and local, Total
Deferred taxes: U.S. state and local, Related to litigation charge
Deferred taxes: U.S. state and local, All Other
Deferred taxes: Foreign
Deferred taxes: Foreign, Related to litigation charge
Deferred taxes: Foreign, All Other
Total deferred taxes
Total deferred taxes, Related to litigation charge
Total deferred taxes, All Other
Total income tax expense/(benefit)
Total income tax expense/(benefit), Related to litigation charge
Total income tax expense/(benefit), All Other
12 Months Ended
Sep. 28, 2014
$ 801
$ 822.7
150.1
132.9
172.2
128.8
1,123.3
1,084.4
56.5
12
(4.9)
(40.1)
0.5
20.4
7.6
$ 1,143.7
$ 1,092
Income Taxes (Reconciliation of the Statutory U.S. Federal Income Tax Rate With Our
Effective Income Tax Rate) (Details)
Income Tax Disclosure [Abstract]
Statutory rate, Total
Statutory rate, Related to litigation charge
Statutory rate, All Other
State income taxes, net of federal tax benefit, Total
State income taxes, net of federal tax benefit, Related to litigation charge
State income taxes, net of federal tax benefit, All Other
Benefits and taxes related to foreign operations, Total
Benefits and taxes related to foreign operations, Related to litigation charge
Benefits and taxes related to foreign operations, All Other
Domestic production activity deduction, Total
Domestic production activity deduction, Related to litigation charge
Domestic production activity deduction, All Other
Domestic tax credits, Total
Domestic tax credits, Related to litigation charge
Domestic tax credits, All Other
Charitable contributions, Total
Charitable contributions, Related to litigation charge
Charitable contributions, All Other
Gain resulting from acquisition of joint venture, Total
Gain resulting from acquisition of joint venture, Related to litigation charge
Gain resulting from acquisition of joint venture, Other
Other, net, Total
Other, net, Related to litigation charge
Other, net, All Other
Effective tax rate, Total
Effective tax rate, Related to litigation charge
Effective tax rate, Other
12 Months Ended
Sep. 28, 2014
35.00%
35.00%
2.80%
2.60%
(2.10%)
(1.90%)
(2.20%)
(0.70%)
(0.20%)
(0.20%)
(0.30%)
(0.40%)
(3.70%)
0.00%
0.00%
0.20%
29.30%
34.60%
Income Taxes (Tax Effect of Temporary Differences and Carryforwards That Comprise
Significant Portions of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in
Millions
Income Tax Disclosure [Abstract]
Property, plant and equipment
Accrued occupancy costs
Accrued compensation and related costs
Other accrued liabilities
Asset retirement obligation asset
Stored value card liability
Asset impairments
Tax credits
Stock-based compensation
Net operating losses
Litigation charge
Other
Total
Valuation allowance
Total deferred tax asset, net of valuation allowance
Property, plant and equipment
Intangible assets and goodwill
Other
Total
Net deferred tax asset
Current deferred income tax assets
Long-term deferred income tax assets
Current deferred income tax liabilities
Long-term deferred income tax liabilities
12 Months Ended
Sep. 28, 2014
$ 112.7
7.9
(0.9)
32
(0.6)
(0.7)
0
$ 150.4
$ 88.8
1.4
(2.2)
26.7
(1.9)
(0.1)
0
$ 112.7
2
$ 0.001
$ 0.001
5,300,000
Earnings Per Share (Calculation of Net Earnings Per Common Share ("EPS") - Basic an
Diluted) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions
Earnings Per Share [Abstract]
Net earnings attributable to Starbucks
Weighted average common shares and common stock units outstanding (for basic calculation)
Dilutive effect of outstanding common stock options and RSUs
Weighted average common and common equivalent shares outstanding (for diluted calculation)
EPS - basic
EPS - diluted
[1]
$ 652
$ 0.
3 Months Ended
Jun. 28, 2015
Mar. 29, 2015
$ 626.7
[1]
$ 0.41 [1]
$ 494.9
$ 0.33 [1]
$ 0.65 [1]
ected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March
$ 0.39 [1]
$ 0.34 [1]
$ 0.28 [1]
$ 0.35
shareholders of record as of March 30, 2015. All per-share data presented in this note has been retroactively
c. 29, 2013
[1]
12 Months Ended
Sep. 28, 2014
$ 2,068.1
1,506.3
20
1,526.3
$ 1.37
$ 1.35 [1]
$ 2,227.5
$ 556.6
$ 2,784.1
$ 2,763.9
$0
$ 2,763.9
$0
12 Months Ended
Sep. 27, 2015
Our chief executive officer and chief operating officer comprise the Company's Chief Operating
Decision Maker function ("CODM"). Segment information is prepared on the same basis that our
No customer accounts for 10% or more of our revenues
100.00%
76.00%
Americas, CAP, and EMEA operations sell coffee and other beverages, complementary food,
packaged coffees, single-serve coffee products and a focused selection of merchandise through
Americas, CAP and EMEA operations sell coffee and other beverages, complementary food,
packaged coffees, single-serve coffee products and a focused selection of merchandise through
Americas, CAP and EMEA operations sell coffee and other beverages, complementary food,
packaged coffees, single-serve coffee products and a focused selection of merchandise through
Channel Development operations sell a selection of packaged coffees and single-serve products, a
well as a selection of premium Tazo teas globally. Channel Development operations also produce
100.00%
100.00%
[1]
[1]
"Other" primarily consists of royalty and licensing revenues, beverage-related ingredients, ready-t
3 Months Ended
Dec. 28, 2014
$ 4,803.2
3 Months Ended
Sep. 28, 2014
$ 4,180.8
12 Months Ended
Sep. 28, 2014
$ 19,162.7
$ 16,447.8
$ 14,866.8
11,115.4
9,458.4
8,674.7
3,085.3
2,505.2
2,189.8
2,619.9
2,370
2,206.5
$ 2,342.1
$ 2,114.2
$ 1,795.8
100.00%
100.00%
100.00%
58.00%
58.00%
58.00%
16.00%
15.00%
15.00%
14.00%
14.00%
15.00%
12.00%
13.00%
12.00%
5,468.1
$ 2,625.3
3 Months Ended
Dec. 28, 2014
$ 4,803.2
3 Months Ended
Sep. 28, 2014
$ 4,180.8
6,584.2
5,135.8
$ 1,448.4
12 Months Ended
Sep. 28, 2014
$ 19,162.7
8,093.4
$ 16,447.8
6,584.2
$ 14,866.8
6,045.3
14,123.7
5,468.1
12,590.6
5,135.8
11,389.6
4,641.3
5,039
$ 2,625.3
3,857.2
$ 1,448.4
3,477.2
$ 1,404
3 Months Ended
Dec. 28, 2014
$ 4,914.8
$ 4,881.2
$ 4,563.5
$ 4,803.2
969.4
12,446.1
$ 938.6
$ 777.5
$ 915.5
7,578.9
2,726.7
2,230.5
749.1
87.3
$ 1,785.3
3 Months Ended
Sep. 28, 2014
$ 4,180.8
$ 4,153.7
$ 3,873.8
$ 4,239.6
854.9
10,752.9
$ 768.5
$ 644.1
$ 813.5
5,034
2,521.4
939.8
663
84.6
$ 825.2
12 Months Ended
Sep. 28, 2014
$ 19,162.7
893.9
249.9
3,601
12,446.1
$ 16,447.8
709.6
268.3
3,081.1
10,752.9
$ 14,866.8
621.4
251.4
(325.4)
19,162.7
744
249.9
4,521.1
7,578.9
16,447.8
592
268.3
3,831.1
5,034
14,866.8
531.4
251.4
3,131.6
4,549.3
13,293.4
522.3
0
3,223.3
2,726.7
11,980.5
469.5
0
2,809
2,521.4
11,000.8
429.3
2.4
2,365.2
2,323.4
2,395.9
150.7
119.6
500.5
2,230.5
1,129.6
46.1
164
372.5
939.8
917
33.8
152
321.2
805
1,216.7
52
3.1
168.2
749.1
1,294.8
59.4
3.7
119.2
663
1,160
55.5
0.4
64.2
510.6
1,730.9
2.7
127.2
653.9
87.3
1,546
1.8
100.6
557.2
84.6
1,398.9
1.1
96.6
415.5
89.2
525.8
496.9
390.1
16.3
0
(24.8)
$ 1,785.3
15.2
0
(26.8)
$ 825.2
11.7
0
(34.5)
$ 821.1
$ 969
Fiscal 2013 includes a pretax charge of $2,784.1 million resulting from the litigation charge we rec
3 Months Ended
Jun. 28, 2015
Mar. 29, 2015
$ 938.6
$ 777.5
$ 915.5
$ 854.9
t.
12 Months Ended
Jun. 29, 2014
$ 768.5
4,521.1
$ (920.1)
12 Months Ended
Sep. 28, 2014
$ 3,081.1
0
0
142.7
(64.1)
3,159.7
20.2
3,831.1
$ (750)
3,131.6
$ (3,457) [1]
$ 0.0
$ 0.001
ected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March
/ shares
[1]
$ 4,563.5
777.5
$ 494.9
$ 0.33 [1]
ers of record as of March 30, 2015. All per-share data presented in this note has been retroactively adjusted
$ 4,803.2
915.5
$ 983.1
$ 0.65 [1]
ata presented in this note has been retroactively adjusted to reflect this stock split.
$ 4,180.8
854.9
$ 587.9
$ 0.39
$ 0.001
/ shares
[1]
$ 4,153.7
768.5
$ 512.6
$ 0.34 [1]
/ shares
[1]
$ 19,162.7
3,601
$ 2,757.4
$ 1.82 [1]
$ 0.001
$ 0.001