Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Jan. 22, 2014 |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 29-Dec-13 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Entity Registrant Name | 'STARBUCKS CORP | ' |
Entity Central Index Key | '0000829224 | ' |
Current Fiscal Year End Date | '--09-28 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 755.9 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements Of Earnings (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Net revenues: | ' | ' |
Company-operated stores | $3,343.80 | $2,989.60 |
Licensed stores | 401.8 | 350.2 |
CPG, foodservice and other | 494 | 453.4 |
Total net revenues | 4,239.60 | 3,793.20 |
Cost of sales including occupancy costs | 1,795.10 | 1,620.70 |
Store operating expenses | 1,175.10 | 1,089.50 |
Other operating expenses | 114.9 | 126.1 |
Depreciation and amortization expenses | 169.7 | 148.9 |
General and administrative expenses | 242.6 | 231.9 |
Litigation charge/(credit) | -20.2 | 0 |
Total operating expenses | 3,477.20 | 3,217.10 |
Income from equity investees | 51.1 | 54.5 |
Operating income | 813.5 | 630.6 |
Interest income and other, net | 19.8 | -2.9 |
Interest expense | -14.5 | -6.6 |
Earnings before income taxes | 818.8 | 621.1 |
Income taxes | 278.1 | 188.7 |
Net earnings including noncontrolling interests | 540.7 | 432.4 |
Net earnings attributable to noncontrolling interests | 0 | 0.2 |
Net earnings attributable to Starbucks | $540.70 | $432.20 |
Earnings per share - basic | $0.72 | $0.58 |
Earnings per share - diluted | $0.71 | $0.57 |
Weighted average shares outstanding: | ' | ' |
Basic | 754.9 | 746.1 |
Diluted | 766.2 | 761.3 |
Cash dividends declared per share | $0.26 | $0.21 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Net earnings including noncontrolling interests | $540.70 | $432.40 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Net unrealized holding gains/(losses) | 20.4 | -2 |
Translation adjustment, before tax | -30.4 | -14 |
Translation adjustment, tax (expense)/benefit | 11.7 | 5.2 |
Other comprehensive income/(loss) | 1.7 | -10.8 |
Comprehensive income including noncontrolling interests | 542.4 | 421.6 |
Comprehensive income attributable to noncontrolling interests | 0 | 0.2 |
Comprehensive income attributable to Starbucks | 542.4 | 421.4 |
Available-for-sale Securities [Member] | ' | ' |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Unrealized holding gains/(losses) on available-for-sale securities, before tax | -2 | 0 |
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit | 0.8 | 0 |
Cash Flow Hedging [Member] | ' | ' |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Unrealized holding gains/(losses) on derivatives, before tax | 11.8 | -16.9 |
Unrealized holding gains/(losses) on derivatives, tax (expense)/benefit | -3.9 | 0.4 |
Reclassification adjustment for net (gains)/losses realized in earnings for cash flow hedges, before tax | 7.6 | 5.8 |
Reclassification adjustment for net (gains)/losses realized in net earnings for cash flow hedges, tax expense/(benefit) | -0.1 | -0.6 |
Net Investment Hedging [Member] | ' | ' |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Unrealized holding gains/(losses) on derivatives, before tax | 9.8 | 14.7 |
Unrealized holding gains/(losses) on derivatives, tax (expense)/benefit | ($3.60) | ($5.40) |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Dec. 29, 2013 | Sep. 29, 2013 |
In Millions, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $1,545.80 | $2,575.70 |
Short-term investments | 157 | 658.1 |
Accounts receivable, net | 589.8 | 561.4 |
Inventories | 943.3 | 1,111.20 |
Prepaid expenses and other current assets | 271.1 | 287.7 |
Deferred income taxes, net | 252.4 | 277.3 |
Total current assets | 3,759.40 | 5,471.40 |
Long-term investments | 480 | 58.3 |
Equity and cost investments | 489.3 | 496.5 |
Property, plant and equipment, net | 3,233 | 3,200.50 |
Deferred income taxes, net | 949 | 967 |
Other assets | 205.8 | 185.3 |
Other intangible assets | 276.1 | 274.8 |
Goodwill | 862.6 | 862.9 |
TOTAL ASSETS | 10,255.20 | 11,516.70 |
Current liabilities: | ' | ' |
Accounts payable | 444.2 | 491.7 |
Accrued litigation charge | 0 | 2,784.10 |
Accrued liabilities | 1,309.20 | 1,269.30 |
Insurance reserves | 186.2 | 178.5 |
Deferred revenue | 1,013.40 | 653.7 |
Total current liabilities | 2,953 | 5,377.30 |
Long-term debt | 2,047.90 | 1,299.40 |
Other long-term liabilities | 364.8 | 357.7 |
Total liabilities | 5,365.70 | 7,034.40 |
Shareholders' equity: | ' | ' |
Common stock ($0.001 par value) — authorized, 1,200.0 shares; issued and outstanding, 756.5 shares and 753.2 shares, respectively | 0.8 | 0.8 |
Additional paid-in capital | 343.7 | 282.1 |
Retained earnings | 4,474.20 | 4,130.30 |
Accumulated other comprehensive income | 68.7 | 67 |
Total shareholders' equity | 4,887.40 | 4,480.20 |
Noncontrolling interest | 2.1 | 2.1 |
Total equity | 4,889.50 | 4,482.30 |
TOTAL LIABILITIES AND EQUITY | $10,255.20 | $11,516.70 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 29, 2013 | Sep. 29, 2013 |
In Millions, except Per Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 1,200 | 1,200 |
Common stock, shares issued | 756.5 | 753.2 |
Common stock, shares outstanding | 756.5 | 753.2 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements Of Cash Flows (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
OPERATING ACTIVITIES: | ' | ' |
Net earnings including noncontrolling interests | $540.70 | $432.40 |
Adjustments to reconcile net earnings to net cash provided/(used) by operating activities: | ' | ' |
Depreciation and amortization | 180.1 | 156.8 |
Deferred income taxes, net | 35.7 | 16.7 |
Income earned from equity method investees, net of distributions | -2.4 | -12.6 |
Stock-based compensation | 47.8 | 37.4 |
Other | 0.7 | 5.6 |
Cash provided/(used) by changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -26.1 | 21.4 |
Inventories | 167.9 | 150.1 |
Accounts payable | -41.8 | -9.6 |
Accrued litigation charge | -2,763.90 | 0 |
Accrued liabilities and insurance reserves | 60.9 | -30.7 |
Deferred revenue | 359.7 | 275.3 |
Prepaid expenses, other current assets and other assets | 38.8 | 24.5 |
Net cash provided/(used) by operating activities | -1,401.90 | 1,067.30 |
INVESTING ACTIVITIES: | ' | ' |
Purchase of investments | -577.2 | -11.6 |
Sales, maturities and calls of investments | 659.4 | 287.9 |
Additions to property, plant and equipment | -256.1 | -244.5 |
Other | -19.4 | -3.1 |
Net cash provided/(used) by investing activities | -193.3 | 28.7 |
FINANCING ACTIVITIES: | ' | ' |
Proceeds from issuance of long-term debt | 748.5 | 0 |
Proceeds from issuance of common stock | 61.6 | 98.3 |
Excess tax benefit from exercise of stock options | 72.6 | 167.5 |
Cash dividends paid | -195.9 | -156.1 |
Repurchase of common stock | -38.5 | -424.8 |
Minimum tax withholdings on share-based awards | -74.4 | -118.9 |
Other | -5 | 0 |
Net cash provided/(used) by financing activities | 568.9 | -434 |
Effect of exchange rate changes on cash and cash equivalents | -3.6 | 1.5 |
Net increase/(decrease) in cash and cash equivalents | -1,029.90 | 663.5 |
CASH AND CASH EQUIVALENTS: | ' | ' |
Beginning of period | 2,575.70 | 1,188.60 |
End of period | 1,545.80 | 1,852.10 |
Cash paid during the period for: | ' | ' |
Interest, net of capitalized interest | 0.2 | 0 |
Income taxes | $37.40 | $26.30 |
Summary_Of_Significant_Account
Summary Of Significant Accounting Policies | 3 Months Ended | |||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||||||||||
Summary Of Significant Accounting Policies | ' | |||||||||||||||||||||||
Summary of Significant Accounting Policies | ||||||||||||||||||||||||
Financial Statement Preparation | ||||||||||||||||||||||||
The unaudited condensed consolidated financial statements as of December 29, 2013, and for the quarters ended December 29, 2013 and December 30, 2012, 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 ended December 29, 2013 and December 30, 2012 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.” | ||||||||||||||||||||||||
The financial information as of September 29, 2013 is derived from our audited consolidated financial statements and notes for the fiscal year ended September 29, 2013 (“fiscal 2013”) included in Item 8 in the Fiscal 2013 Annual Report on Form 10-K (the “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 financial statements in the 10-K. | ||||||||||||||||||||||||
The results of operations for the quarter ended December 29, 2013 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending September 28, 2014 ("fiscal 2014"). | ||||||||||||||||||||||||
Recent Accounting Pronouncements | ||||||||||||||||||||||||
In July 2013, the Financial Accounting Standards Board ("FASB") issued guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance requires the unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset. When a deferred tax asset is not available, or the asset is not intended to be used for this purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and not netted with a deferred tax asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2015. We do not expect the adoption of this guidance will have a material impact on our financial statements. | ||||||||||||||||||||||||
In March 2013, the FASB issued guidance on a parent's accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance requires a parent to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The guidance will become effective for us at the beginning of our first quarter of fiscal 2015. We do not expect the adoption of this guidance will have a material impact on our financial statements. | ||||||||||||||||||||||||
In February 2013, the FASB issued guidance that adds additional disclosure requirements for items reclassified out of accumulated other comprehensive income. This guidance requires the disclosure of significant amounts reclassified from each component of accumulated other comprehensive income and the income statement line items affected by the reclassification. The guidance became effective for us at the beginning of our first quarter of fiscal 2014 and the additional disclosures are provided in Note 7 of this 10-Q. | ||||||||||||||||||||||||
In January 2013, the FASB issued guidance clarifying the scope of disclosure requirements for offsetting assets and liabilities. The amended guidance limits the scope of balance sheet offsetting disclosures to derivatives, repurchase agreements, and securities lending transactions to the extent that they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement. The guidance became effective for us at the beginning of our first quarter of fiscal 2014 and did not have a material impact on our financial statements. | ||||||||||||||||||||||||
Correction of an Immaterial Error | ||||||||||||||||||||||||
Effective at the beginning of fiscal 2014, we reclassified certain fees related to our US and Seattle's Best Coffee foodservice operations in our Channel Development segment and All Other Segments, respectively, from other operating expenses to foodservice revenues included in CPG, foodservice and other net revenues in our consolidated statements of earnings. This reclassification results from a correction of an error in our prior period financial statements which we have determined to be immaterial. In order to align prior period classifications with the current period presentation, the historical consolidated financial statements have been corrected, resulting in reclassifications of $25.4 million and $22.7 million for fiscal years 2013 and 2012, respectively. The reclassification for the first quarter of fiscal 2013 was $6.4 million. The consolidated statements of earnings as corrected are presented below (in millions): | ||||||||||||||||||||||||
Fiscal 2013 | Fiscal 2012 | |||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Full Year | Full Year | |||||||||||||||||||
Net revenues | ||||||||||||||||||||||||
Company-operated stores | $ | 2,989.60 | $ | 2,807.70 | $ | 2,986.30 | $ | 3,009.60 | $ | 11,793.20 | $ | 10,534.50 | ||||||||||||
Licensed stores | 350.2 | 322.1 | 342 | 346.3 | 1,360.50 | 1,210.30 | ||||||||||||||||||
CPG, foodservice and other | 453.4 | 419.8 | 407 | 432.9 | 1,713.10 | 1,532.00 | ||||||||||||||||||
Total net revenues | 3,793.20 | 3,549.60 | 3,735.30 | 3,788.80 | 14,866.80 | 13,276.80 | ||||||||||||||||||
Cost of sales including occupancy costs | 1,620.70 | 1,530.40 | 1,597.60 | 1,633.70 | 6,382.30 | 5,813.30 | ||||||||||||||||||
Store operating expenses | 1,089.50 | 1,038.40 | 1,084.10 | 1,073.90 | 4,286.10 | 3,918.10 | ||||||||||||||||||
Other operating expenses | 126.1 | 105.8 | 98.9 | 101.1 | 431.8 | 407.2 | ||||||||||||||||||
Depreciation and amortization expenses | 148.9 | 153.1 | 153.3 | 166.1 | 621.4 | 550.3 | ||||||||||||||||||
General and administrative expenses | 231.9 | 230.3 | 249.6 | 226.1 | 937.9 | 801.2 | ||||||||||||||||||
Litigation charge | — | — | — | 2,784.10 | 2,784.10 | — | ||||||||||||||||||
Total operating expenses | 3,217.10 | 3,058.00 | 3,183.50 | 5,985.00 | 15,443.60 | 11,490.10 | ||||||||||||||||||
Income from equity investees | 54.5 | 52.5 | 63.4 | 81 | 251.4 | 210.7 | ||||||||||||||||||
Operating income/(loss) | 630.6 | 544.1 | 615.2 | (2,115.2 | ) | (325.4 | ) | 1,997.40 | ||||||||||||||||
Interest income and other, net | (2.9 | ) | 50.8 | 3.5 | 72.1 | 123.6 | 94.4 | |||||||||||||||||
Interest expense | (6.6 | ) | (6.1 | ) | (6.3 | ) | (9.1 | ) | (28.1 | ) | (32.7 | ) | ||||||||||||
Earnings/(loss) before income taxes | 621.1 | 588.8 | 612.4 | (2,052.2 | ) | (229.9 | ) | 2,059.10 | ||||||||||||||||
Income taxes | 188.7 | 198.1 | 194.6 | (820.1 | ) | (238.7 | ) | 674.4 | ||||||||||||||||
Net earnings including noncontrolling interests | 432.4 | 390.7 | 417.8 | (1,232.1 | ) | 8.8 | 1,384.70 | |||||||||||||||||
Net earnings attributable to noncontrolling interests | 0.2 | 0.3 | — | (0.1 | ) | 0.5 | 0.9 | |||||||||||||||||
Net earnings attributable to Starbucks | $ | 432.2 | $ | 390.4 | $ | 417.8 | $ | (1,232.0 | ) | $ | 8.3 | $ | 1,383.80 | |||||||||||
There was no impact on operating income or net earnings as a result of the error correction, nor any impact on our consolidated statements of comprehensive income, consolidated balance sheets or consolidated statements of cash flows. Additional disclosure regarding this change as it relates to our segment results is included at Note 11, Segment Reporting. |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 3 Months Ended | |||||||||||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||||||||||||||||
Depending on market conditions, we enter into interest rate swap agreements to hedge the variability in cash flows due to changes in the benchmark interest rate related to anticipated debt issuances. When these agreements are cash settled at the time of the pricing of the related debt, the resulting net gains or losses are included in accumulated other comprehensive income and subsequently amortized using the constant effective yield method as an adjustment to interest expense over the life of the related debt, as the underlying interest expense is recognized in the consolidated statements of earnings. | ||||||||||||||||||||||||||||||||
Net derivative gains from these cash flow hedges of $38.8 million and $41.4 million, net of taxes, were included in accumulated other comprehensive income as of December 29, 2013 and September 29, 2013, respectively. Of the net derivative gains accumulated as of December 29, 2013, $3.2 million is expected to be reclassified into earnings within 12 months. | ||||||||||||||||||||||||||||||||
Foreign Currency | ||||||||||||||||||||||||||||||||
We enter into forward and swap contracts to hedge portions of cash flows of anticipated revenue streams and inventory purchases in currencies other than the entity's functional currency. Net derivative gains from these cash flow hedges of $6.8 million and net derivative losses of $0.3 million, net of taxes, were included in accumulated other comprehensive income as of December 29, 2013 and September 29, 2013, respectively. Of the net derivative gains accumulated as of December 29, 2013, $4.7 million is expected to be reclassified into earnings within 12 months and will also continue to experience fair value changes before affecting earnings. Outstanding contracts will expire within 33 months. | ||||||||||||||||||||||||||||||||
We also enter into net investment derivative instruments to hedge certain of our equity method investments, to minimize foreign currency exposure. Net derivative losses from net investment hedges of $6.7 million and $12.9 million, net of taxes, were included in accumulated other comprehensive income as of December 29, 2013 and September 29, 2013, respectively. Outstanding contracts will expire within 26 months. | ||||||||||||||||||||||||||||||||
In addition to the hedging instruments above, to mitigate the translation risk of certain balance sheet items, we enter into foreign currency swap contracts that are not designated as hedging instruments. These contracts are recorded at fair value, with the changes in fair value recognized in net interest income and other on the consolidated statements of earnings. Gains and losses from these instruments are largely offset by the financial impact of translating foreign currency denominated payables and receivables, which is also recognized in net interest income and other. | ||||||||||||||||||||||||||||||||
Coffee | ||||||||||||||||||||||||||||||||
Depending on market conditions, we enter into futures contracts to hedge a portion of anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 4. Net derivative losses of $3.4 million and $12.2 million, net of taxes, were included in accumulated other comprehensive income as of December 29, 2013 and September 29, 2013, respectively, related to coffee hedges. Of the net derivative losses accumulated as of December 29, 2013, $2.7 million is expected to be reclassified into earnings within 12 months and will also continue to experience fair value changes before affecting earnings. Outstanding contracts will expire within 16 months. | ||||||||||||||||||||||||||||||||
Dairy | ||||||||||||||||||||||||||||||||
To mitigate the price uncertainty of a portion of our future purchases of dairy products, we enter into futures contracts that are not designated as hedging instruments. These contracts are recorded at fair value, with the changes in fair value recognized in net interest income and other. Gains and losses from these instruments are largely offset by price fluctuations on our dairy purchases, which are included in cost of sales. | ||||||||||||||||||||||||||||||||
Diesel Fuel | ||||||||||||||||||||||||||||||||
To mitigate the price uncertainty of a portion of our future purchases of diesel fuel, we enter into swap contracts that are not designated as hedging instruments. These contracts are recorded at fair value, with the changes in fair value recognized in net interest income and other. Gains and losses from these instruments are largely offset by the financial impact of diesel fuel fluctuations on our shipping costs, which are included in operating expenses. | ||||||||||||||||||||||||||||||||
The following table presents the pretax effect of derivative contracts designated as hedging instruments on earnings and other comprehensive income ("OCI") for the quarters ended (in millions): | ||||||||||||||||||||||||||||||||
Interest Rates | Foreign Currency | Coffee | ||||||||||||||||||||||||||||||
Quarter Ended | Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | ||||||||||||||||||||||||||
Cash Flow Hedges: | ||||||||||||||||||||||||||||||||
Gain/(Loss) recognized in earnings | $ | 1.2 | $ | — | $ | 1.2 | $ | (0.6 | ) | $ | (10.0 | ) | $ | (5.2 | ) | |||||||||||||||||
Gain/(Loss) recognized in OCI | $ | 0.5 | $ | — | $ | 11.6 | $ | 4.6 | $ | (0.3 | ) | $ | (21.5 | ) | ||||||||||||||||||
Net Investment Hedges: | ||||||||||||||||||||||||||||||||
Gain/(Loss) recognized in earnings | $ | — | $ | — | ||||||||||||||||||||||||||||
Gain/(Loss) recognized in OCI | $ | 9.8 | $ | 14.7 | ||||||||||||||||||||||||||||
Interest Rates | Foreign Currency | Coffee | ||||||||||||||||||||||||||||||
The amounts shown in the above table as recognized in earnings for interest rates, foreign currency and coffee hedges represent the realized gains/(losses) reclassified from OCI to net earnings during the year. The amounts shown as recognized in OCI are prior to these reclassifications. | ||||||||||||||||||||||||||||||||
The following table presents the pretax effect of derivative contracts not designated as hedging instruments on earnings for the quarters ended (in millions): | ||||||||||||||||||||||||||||||||
Foreign Currency | Coffee | Dairy | Diesel Fuel | |||||||||||||||||||||||||||||
Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | |||||||||||||||||||||||||
Gain/(Loss) recognized in earnings for the quarter ended | $ | (0.9 | ) | $ | (1.1 | ) | $ | — | $ | (2.7 | ) | $ | 4.5 | $ | (1.5 | ) | $ | — | $ | — | ||||||||||||
Notional amounts of outstanding derivative contracts (in millions): | ||||||||||||||||||||||||||||||||
Dec 29, 2013 | Sep 29, 2013 | |||||||||||||||||||||||||||||||
Foreign currency | $ | 494 | $ | 452 | ||||||||||||||||||||||||||||
Coffee | 1 | — | ||||||||||||||||||||||||||||||
Dairy | 43 | 38 | ||||||||||||||||||||||||||||||
Diesel fuel | $ | 14 | $ | 17 | ||||||||||||||||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | |||||||||||||||
Dec. 29, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
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 | Significant | Significant | |||||||||||||
29-Dec-13 | in Active | Other Observable | Unobservable Inputs | |||||||||||||
Markets for | Inputs | (Level 3) | ||||||||||||||
Identical Assets | (Level 2) | |||||||||||||||
(Level 1) | ||||||||||||||||
Assets: | ||||||||||||||||
Cash and cash equivalents | $ | 1,545.80 | $ | 1,545.80 | $ | — | $ | — | ||||||||
Short-term investments: | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
Commercial paper | 35.8 | — | 35.8 | — | ||||||||||||
Corporate debt securities | 14.2 | — | 14.2 | — | ||||||||||||
Government treasury securities | 11.1 | 11.1 | — | — | ||||||||||||
Certificates of deposit | 24.5 | — | 24.5 | — | ||||||||||||
Total available-for-sale securities | 85.6 | 11.1 | 74.5 | — | ||||||||||||
Trading securities | 71.4 | 71.4 | — | — | ||||||||||||
Total short-term investments | 157 | 82.5 | 74.5 | — | ||||||||||||
Short-term derivatives | 24.6 | — | 24.6 | — | ||||||||||||
Long-term investments: | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
Agency obligations | 20.3 | — | 20.3 | — | ||||||||||||
Corporate debt securities | 199.6 | — | 199.6 | — | ||||||||||||
Auction rate securities | 13.4 | — | — | 13.4 | ||||||||||||
Government treasury securities | 179.1 | 179.1 | — | — | ||||||||||||
Mortgage and asset-backed securities | 67.6 | — | 67.6 | — | ||||||||||||
Total long-term investments | 480 | 179.1 | 287.5 | 13.4 | ||||||||||||
Long-term derivatives | 22.3 | — | 22.3 | — | ||||||||||||
Total | $ | 2,229.70 | $ | 1,807.40 | $ | 408.9 | $ | 13.4 | ||||||||
Liabilities: | ||||||||||||||||
Short-term derivatives | $ | 0.3 | $ | — | $ | 0.3 | $ | — | ||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Balance at | Quoted Prices | Significant | Significant | |||||||||||||
29-Sep-13 | in Active | Other Observable | Unobservable Inputs | |||||||||||||
Markets for | Inputs | (Level 3) | ||||||||||||||
Identical Assets | (Level 2) | |||||||||||||||
(Level 1) | ||||||||||||||||
Assets: | ||||||||||||||||
Cash and cash equivalents | $ | 2,575.70 | $ | 2,575.70 | $ | — | $ | — | ||||||||
Short-term investments: | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
Agency obligations | 20 | — | 20 | — | ||||||||||||
Commercial paper | 127 | — | 127 | — | ||||||||||||
Corporate debt securities | 57.5 | — | 57.5 | — | ||||||||||||
Government treasury securities | 352.9 | 352.9 | — | — | ||||||||||||
Certificates of deposit | 34.1 | — | 34.1 | — | ||||||||||||
Total available-for-sale securities | 591.5 | 352.9 | 238.6 | — | ||||||||||||
Trading securities | 66.6 | 66.6 | — | — | ||||||||||||
Total short-term investments | 658.1 | 419.5 | 238.6 | — | ||||||||||||
Short-term derivatives | 12.5 | — | 12.5 | — | ||||||||||||
Long-term investments: | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
Agency obligations | 8.1 | — | 8.1 | — | ||||||||||||
Corporate debt securities | 36.8 | — | 36.8 | — | ||||||||||||
Auction rate securities | 13.4 | — | — | 13.4 | ||||||||||||
Total long-term investments | 58.3 | — | 44.9 | 13.4 | ||||||||||||
Long-term derivatives | 11.4 | — | 11.4 | — | ||||||||||||
Total | $ | 3,316.00 | $ | 2,995.20 | $ | 307.4 | $ | 13.4 | ||||||||
Liabilities: | ||||||||||||||||
Short-term derivatives | $ | 3.5 | $ | — | $ | 3.5 | $ | — | ||||||||
Long-term derivatives | 0.5 | — | 0.5 | — | ||||||||||||
Total | $ | 4 | $ | — | $ | 4 | $ | — | ||||||||
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. | ||||||||||||||||
Short-term and long-term derivative assets are included in prepaid expenses and other current assets and other assets, respectively. Short-term and long-term derivative liabilities are included in other accrued liabilities and other long-term liabilities, respectively. | ||||||||||||||||
Gross unrealized holding gains and losses on investments were not material as of December 29, 2013 and September 29, 2013. | ||||||||||||||||
Changes in Level 3 Instruments Measured at Fair Value on a Recurring Basis | ||||||||||||||||
Financial instruments measured using Level 3 inputs are comprised entirely of our auction rate securities (“ARS”). | ||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | ||||||||||||||||
Assets and liabilities recognized or disclosed at fair value in the financial statements on a nonrecurring basis include items such as property, plant and equipment, goodwill and other intangible assets, equity and cost method investments, and other assets. These assets are measured at fair value if determined to be impaired. During the quarters ended December 29, 2013 and December 30, 2012, there were no material fair value adjustments. | ||||||||||||||||
The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 6. |
Inventories
Inventories | 3 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Inventory Disclosure [Abstract] | ' | |||||||||||
Inventories | ' | |||||||||||
Inventories | ||||||||||||
(in millions) | Dec 29, 2013 | Sep 29, 2013 | Dec 30, 2012 | |||||||||
Coffee: | ||||||||||||
Unroasted | $ | 407.6 | $ | 493 | $ | 619 | ||||||
Roasted | 203.7 | 235.4 | 196.6 | |||||||||
Other merchandise held for sale | 198.8 | 243.3 | 161.3 | |||||||||
Packaging and other supplies | 133.2 | 139.5 | 116.3 | |||||||||
Total | $ | 943.3 | $ | 1,111.20 | $ | 1,093.20 | ||||||
Other merchandise held for sale includes, among other items, serveware and tea. Inventory levels vary due to seasonality, commodity market supply and price fluctuations. | ||||||||||||
As of December 29, 2013, we had committed to purchasing green coffee totaling $519 million under fixed-price contracts and an estimated $264 million under price-to-be-fixed contracts. As of December 29, 2013, approximately $1 million of our price-to-be-fixed contracts were effectively fixed through the use of futures contracts. 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 these types of contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past, the risk of non-delivery on these purchase commitments is remote. |
Supplemental_Balance_Sheet_Inf
Supplemental Balance Sheet Information | 3 Months Ended | |||||||
Dec. 29, 2013 | ||||||||
Balance Sheet Related Disclosures [Abstract] | ' | |||||||
Supplemental Balance Sheet Information | ' | |||||||
Supplemental Balance Sheet Information (in millions) | ||||||||
Property, Plant and Equipment, net | Dec 29, 2013 | Sep 29, 2013 | ||||||
Land | $ | 46.9 | $ | 47 | ||||
Buildings | 279.3 | 259.6 | ||||||
Leasehold improvements | 4,522.30 | 4,431.60 | ||||||
Store equipment | 1,371.40 | 1,353.90 | ||||||
Roasting equipment | 411.1 | 397.9 | ||||||
Furniture, fixtures and other | 957.1 | 949.7 | ||||||
Work in progress | 349.5 | 342.4 | ||||||
Property, plant and equipment, gross | 7,937.60 | 7,782.10 | ||||||
Less accumulated depreciation | (4,704.6 | ) | (4,581.6 | ) | ||||
Property, plant and equipment, net | $ | 3,233.00 | $ | 3,200.50 | ||||
Accrued Liabilities | Dec 29, 2013 | Sep 29, 2013 | ||||||
Accrued compensation and related costs | $ | 360.1 | $ | 420.2 | ||||
Accrued occupancy costs | 120.7 | 120.7 | ||||||
Accrued taxes | 231.6 | 125 | ||||||
Accrued dividend payable | 196.7 | 195.8 | ||||||
Other | 400.1 | 407.6 | ||||||
Total accrued liabilities | $ | 1,309.20 | $ | 1,269.30 | ||||
Debt_Notes
Debt (Notes) | 3 Months Ended | |||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||
Debt | ' | |||||||||||||||||||
Debt | ||||||||||||||||||||
Long-term Debt | ||||||||||||||||||||
In December 2013, we issued $400 million of 3-year 0.875% Senior Notes ("the 2014 3-year notes") due December 2016, and $350 million of 5-year 2.000% Senior Notes ("the 2014 5-year notes") due December 2018, in an underwritten registered public offering. Interest on both of these notes is payable semi-annually on June 5 and December 5 of each year, commencing on June 5, 2014. | ||||||||||||||||||||
As discussed in Note 2, we enter into interest rate swap agreements to hedge the variability in cash flows due to changes in the benchmark interest rate related to anticipated debt issuances. The components of our long-term debt and the associated interest rates, including our effective interest rate, were as follows (in millions, except interest rate amounts): | ||||||||||||||||||||
Dec 29, 2013 | Sep 29, 2013 | Stated Interest Rate | Effective Interest Rate | |||||||||||||||||
Issuance | Due Date | Face Value | Estimated Fair Value | Face Value | Estimated Fair Value | |||||||||||||||
2014 3-year notes | Dec-16 | $ | 400 | $ | 398 | $ | — | $ | — | 0.875 | % | 0.941 | % | |||||||
2007 notes | Aug-17 | 550 | 642 | 550 | 644 | 6.25 | % | 6.292 | % | |||||||||||
2014 5-year notes | Dec-18 | 350 | 350 | — | — | 2 | % | 2.012 | % | |||||||||||
2013 notes | Oct-23 | 750 | 758 | 750 | 762 | 3.85 | % | 2.86 | % | |||||||||||
Total | 2,050.00 | 2,148.00 | 1,300.00 | 1,406.00 | ||||||||||||||||
Aggregate unamortized discount | 2.1 | 0.6 | ||||||||||||||||||
Total | $ | 2,047.90 | $ | 1,299.40 | ||||||||||||||||
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 certain material properties. As of December 29, 2013, we were in compliance with each of these covenants. |
Equity
Equity | 3 Months Ended | |||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||
Equity [Abstract] | ' | |||||||||||||||||||
Equity | ' | |||||||||||||||||||
Changes in total equity (in millions): | ||||||||||||||||||||
Quarter Ended | ||||||||||||||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||||||||||||||
Beginning balance of total equity | $ | 4,482.30 | $ | 5,114.50 | ||||||||||||||||
Net earnings including noncontrolling interests | 540.7 | 432.4 | ||||||||||||||||||
Other comprehensive income / (loss) | 1.7 | (10.8 | ) | |||||||||||||||||
Stock-based compensation expense | 48.4 | 37.9 | ||||||||||||||||||
Exercise of stock options/vesting of RSUs | 54.6 | 144.6 | ||||||||||||||||||
Sale of common stock | 5.3 | 5 | ||||||||||||||||||
Repurchase of common stock | (46.7 | ) | (392.7 | ) | ||||||||||||||||
Cash dividends declared | (196.8 | ) | (155.9 | ) | ||||||||||||||||
Ending balance of total equity | $ | 4,889.50 | $ | 5,175.00 | ||||||||||||||||
Changes in accumulated other comprehensive income ("AOCI") by component for the quarter ended December 29, 2013, net of tax (in millions): | ||||||||||||||||||||
Gains / (Losses) on Cash Flow Hedges | Gains / (Losses) on Net Investment Hedges | Unrealized Gains/(Losses) on Available-for-Sale Securities | Translation Adjustment | Total | ||||||||||||||||
Balance at September 29, 2013 | $ | 26.8 | $ | (12.9 | ) | $ | (0.5 | ) | $ | 53.6 | $ | 67 | ||||||||
OCI before reclassifications | 7.9 | 6.2 | (1.2 | ) | (18.7 | ) | (5.8 | ) | ||||||||||||
Amounts reclassified from AOCI | 7.5 | — | — | — | 7.5 | |||||||||||||||
Net current period OCI | 15.4 | 6.2 | (1.2 | ) | (18.7 | ) | 1.7 | |||||||||||||
Balance at December 29, 2013 | $ | 42.2 | $ | (6.7 | ) | $ | (1.7 | ) | $ | 34.9 | $ | 68.7 | ||||||||
Impact of reclassifications from AOCI by component on the consolidated statements of earnings for the quarter ended December 29, 2013 (in millions): | ||||||||||||||||||||
AOCI | Amounts Reclassified | Affected Line Item in | ||||||||||||||||||
Components | from AOCI | the Statements of Earnings | ||||||||||||||||||
Gains/(losses) on cash flow hedges | ||||||||||||||||||||
Interest rate hedges | $ | 1.2 | Interest expense | |||||||||||||||||
Foreign currency hedges | 1 | Revenue | ||||||||||||||||||
Foreign currency / coffee hedges | (9.8 | ) | Cost of sales including occupancy costs | |||||||||||||||||
(7.6 | ) | Total before tax | ||||||||||||||||||
0.1 | Tax (expense)/benefit | |||||||||||||||||||
$ | (7.5 | ) | Net of tax | |||||||||||||||||
In addition to 1.2 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 December 29, 2013. | ||||||||||||||||||||
Share repurchase activity (in millions, except for average price data): | ||||||||||||||||||||
Quarter Ended | ||||||||||||||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||||||||||||||
Number of shares acquired | 0.6 | 8 | ||||||||||||||||||
Average price per share of acquired shares | $ | 77.25 | $ | 48.88 | ||||||||||||||||
Total cost of acquired shares | $ | 46.7 | $ | 392.7 | ||||||||||||||||
As of December 29, 2013, 25.8 million shares remained available for repurchase under current authorizations. | ||||||||||||||||||||
During the first quarter of fiscal 2014, Starbucks Board of Directors declared a quarterly cash dividend to shareholders of $0.26 per share to be paid on February 21, 2014 to shareholders of record as of the close of business on February 6, 2014. |
Employee_Stock_Plans
Employee Stock Plans | 3 Months Ended | |||||||
Dec. 29, 2013 | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||
Employee Stock Plans | ' | |||||||
Employee Stock Plans | ||||||||
As of December 29, 2013, there were 56.0 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 7.7 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 | ||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||
Options | $ | 12.8 | $ | 11.9 | ||||
Restricted Stock Units (“RSUs”) | 35 | 25.5 | ||||||
Total stock-based compensation | $ | 47.8 | $ | 37.4 | ||||
Stock option and RSU transactions from September 29, 2013 through December 29, 2013 (in millions): | ||||||||
Stock Options | RSUs | |||||||
Options outstanding/Nonvested RSUs, September 29, 2013 | 22 | 5.8 | ||||||
Granted | 2.8 | 2.3 | ||||||
Options exercised/RSUs vested | (2.2 | ) | (2.4 | ) | ||||
Forfeited/expired | (0.1 | ) | (0.1 | ) | ||||
Options outstanding/Nonvested RSUs, December 29, 2013 | 22.5 | 5.6 | ||||||
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 29, 2013 | $ | 59.5 | $ | 184.2 | ||||
Earnings_Per_Share
Earnings Per Share | 3 Months Ended | |||||||
Dec. 29, 2013 | ||||||||
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 | ||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||
Net earnings attributable to Starbucks | $ | 540.7 | $ | 432.2 | ||||
Weighted average common shares outstanding (for basic calculation) | 754.9 | 746.1 | ||||||
Dilutive effect of outstanding common stock options and RSUs | 11.3 | 15.2 | ||||||
Weighted average common and common equivalent shares outstanding (for diluted calculation) | 766.2 | 761.3 | ||||||
EPS — basic | $ | 0.72 | $ | 0.58 | ||||
EPS — diluted | $ | 0.71 | $ | 0.57 | ||||
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 out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. Out-of-the-money stock options totaled approximately 1.5 million and 0.2 million as of December 29, 2013 and December 30, 2012, respectively. |
Commitments_And_Contingencies
Commitments And Contingencies | 3 Months Ended |
Dec. 29, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Commitments and Contingencies | |
Legal Proceedings | |
In the first quarter of fiscal 2011, Starbucks notified Kraft Foods Global, Inc. (now known as Kraft Foods Group, Inc.) (“Kraft”) that we were discontinuing our distribution arrangement with Kraft on March 1, 2011 due to material breaches by Kraft of its obligations under the Supply and License Agreement between the Company and Kraft, dated March 29, 2004 (the “Agreement”), which defined the main distribution arrangement between the parties. Through our arrangement with Kraft, Starbucks sold a selection of Starbucks and Seattle's Best Coffee branded packaged coffees in grocery and warehouse club stores throughout the US, and to grocery stores in Canada, the UK and other European countries. Kraft managed the distribution, marketing, advertising and promotion of these products. | |
Kraft denied it had materially breached the Agreement. On November 29, 2010, Starbucks received a notice of arbitration from Kraft putting the commercial dispute between the parties into binding arbitration pursuant to the terms of the Agreement. In addition to denying it materially breached the Agreement, Kraft further alleged that if Starbucks wished to terminate the Agreement it must compensate Kraft as provided in the Agreement in an amount equal to the fair value of the Agreement, with an additional premium of up to 35% under certain circumstances. | |
On December 6, 2010, Kraft commenced a federal court action against Starbucks, entitled Kraft Foods Global, Inc. v. Starbucks Corporation, in the U.S. District Court for the Southern District of New York (the “District Court”) seeking injunctive relief to prevent Starbucks from terminating the distribution arrangement until the parties' dispute is resolved through the arbitration proceeding. On January 28, 2011, the District Court denied Kraft's request for injunctive relief. Kraft appealed the District Court's decision to the Second Circuit Court of Appeals. On February 25, 2011, the Second Circuit Court of Appeals affirmed the District Court's decision. As a result, Starbucks has been in full control of our packaged coffee business since March 1, 2011. | |
On April 2, 2012, Starbucks and Kraft exchanged expert reports regarding alleged damages on their affirmative claims. Starbucks claimed damages of up to $62.9 million from the loss of sales resulting from Kraft's failure to use commercially reasonable efforts to market Starbucks® coffee, plus attorney fees. Kraft's expert opined that the fair market value of the Agreement was $1.9 billion. After applying a 35% premium and 9% interest, Kraft claimed damages of up to $2.9 billion, plus attorney fees. The arbitration hearing commenced on July 11, 2012 and was completed on August 3, 2012. Starbucks presented evidence of material breaches on Kraft's part and sought nominal damages from Kraft for those breaches. Kraft presented evidence denying it had breached the parties' Agreement and sought damages of $2.9 billion plus attorney fees. | |
We believe we had valid claims of material breach by Kraft under the Agreement that allowed us to terminate the Agreement and certain other relationships with Kraft without compensation to Kraft. Although Kraft disclosed to the press and in federal court filings a $750 million offer Starbucks made to Kraft in August 2010 to avoid litigation and ensure a smooth transition of the business, the figure was not a proper basis upon which to estimate a possible outcome of the arbitration but was based upon facts and circumstances at the time. Kraft rejected the offer immediately and did not provide a counter-offer, effectively ending the discussions between the parties with regard to any payment. Moreover, the offer was made prior to our investigation of Kraft's breaches and without consideration of Kraft's continuing failure to comply with material terms of the agreements. As a result, prior to receiving the arbitrator's ruling we could not reasonably estimate the possible loss. Accordingly, no loss contingency was recorded for this matter. | |
On November 12, 2013, the arbitrator ordered Starbucks to pay Kraft $2,227.5 million in damages plus prejudgment interest and attorneys' fees. We estimated prejudgment interest, which included an accrual through the estimated payment date, and attorneys' fees to be approximately $556.6 million. As a result, we recorded a litigation charge of $2,784.1 million in our fiscal 2013 operating results. | |
In the first quarter of fiscal 2014, Starbucks paid all amounts due to Kraft under the arbitration, including prejudgment interest and attorneys' fees, and fully extinguished the litigation charge liability. Of the $2,784.1 million litigation charge accrued in the fourth quarter of fiscal 2013, $2,763.9 million was paid and the remainder was released as a litigation credit to reflect a reduction to our estimated prejudgment interest payable as a result of paying our obligation earlier than anticipated. | |
Starbucks is party to 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, except as noted above, 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. |
Segment_Reporting
Segment Reporting | 3 Months Ended | |||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||
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. | ||||||||||||||||||||||||
The table below presents financial information for our reportable operating segments and All Other Segments for the quarters ended December 29, 2013 and December 30, 2012, including reclassifications resulting from the correction of the immaterial error discussed in Note 1. The reclassifications for Channel Development were $21.8 million and $19.2 million for fiscal years 2013 and 2012, respectively. The reclassifications for All Other Segments were $3.6 million and $3.5 million for fiscal years 2013 and 2012, respectively. The reclassifications for the first quarter of fiscal 2013 were $5.5 million and $0.9 million for Channel Development and All Other Segments, respectively. | ||||||||||||||||||||||||
Quarter Ended | ||||||||||||||||||||||||
(in millions) | Americas | EMEA | China / | Channel | All Other Segments | Segment | ||||||||||||||||||
Asia Pacific | Development | Total | ||||||||||||||||||||||
December 29, 2013 | ||||||||||||||||||||||||
Total net revenues | $ | 3,073.00 | $ | 339.5 | $ | 266.9 | $ | 401 | $ | 159.2 | $ | 4,239.60 | ||||||||||||
Depreciation and amortization expenses | 112.3 | 14.6 | 10.3 | 0.4 | 3.7 | 141.3 | ||||||||||||||||||
Income from equity investees | — | 0.8 | 33.1 | 17.2 | — | 51.1 | ||||||||||||||||||
Operating income | 732.1 | 33.5 | 81.1 | 118.8 | 13.6 | 979.1 | ||||||||||||||||||
December 30, 2012 | ||||||||||||||||||||||||
Total net revenues | $ | 2,840.70 | $ | 306.1 | $ | 214.1 | $ | 374.3 | $ | 58 | $ | 3,793.20 | ||||||||||||
Depreciation and amortization expenses | 105.4 | 14.2 | 7.4 | 0.3 | 1 | 128.3 | ||||||||||||||||||
Income from equity investees | — | — | 34.1 | 20.4 | — | 54.5 | ||||||||||||||||||
Operating income/(loss) | 590.3 | 22.3 | 72.1 | 96.8 | (4.2 | ) | 777.3 | |||||||||||||||||
The following table reconciles total segment operating income in the tables above to consolidated earnings before income taxes (in millions): | ||||||||||||||||||||||||
Quarter Ended | ||||||||||||||||||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||||||||||||||||||
Total segment operating income | $ | 979.1 | $ | 777.3 | ||||||||||||||||||||
Unallocated corporate operating expenses | (165.6 | ) | (146.7 | ) | ||||||||||||||||||||
Consolidated operating income | 813.5 | 630.6 | ||||||||||||||||||||||
Interest income and other, net | 19.8 | (2.9 | ) | |||||||||||||||||||||
Interest expense | (14.5 | ) | (6.6 | ) | ||||||||||||||||||||
Earnings before income taxes | $ | 818.8 | $ | 621.1 | ||||||||||||||||||||
Recovered_Sheet1
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Dec. 29, 2013 | |
Accounting Policies [Abstract] | ' |
Recent accounting pronouncements not yet adopted | ' |
In July 2013, the Financial Accounting Standards Board ("FASB") issued guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance requires the unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset. When a deferred tax asset is not available, or the asset is not intended to be used for this purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and not netted with a deferred tax asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2015. We do not expect the adoption of this guidance will have a material impact on our financial statements. | |
In March 2013, the FASB issued guidance on a parent's accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance requires a parent to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The guidance will become effective for us at the beginning of our first quarter of fiscal 2015. We do not expect the adoption of this guidance will have a material impact on our financial statements. | |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
In July 2013, the Financial Accounting Standards Board ("FASB") issued guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance requires the unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset. When a deferred tax asset is not available, or the asset is not intended to be used for this purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and not netted with a deferred tax asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2015. We do not expect the adoption of this guidance will have a material impact on our financial statements. | |
In March 2013, the FASB issued guidance on a parent's accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance requires a parent to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The guidance will become effective for us at the beginning of our first quarter of fiscal 2015. We do not expect the adoption of this guidance will have a material impact on our financial statements. | |
In February 2013, the FASB issued guidance that adds additional disclosure requirements for items reclassified out of accumulated other comprehensive income. This guidance requires the disclosure of significant amounts reclassified from each component of accumulated other comprehensive income and the income statement line items affected by the reclassification. The guidance became effective for us at the beginning of our first quarter of fiscal 2014 and the additional disclosures are provided in Note 7 of this 10-Q. | |
In January 2013, the FASB issued guidance clarifying the scope of disclosure requirements for offsetting assets and liabilities. The amended guidance limits the scope of balance sheet offsetting disclosures to derivatives, repurchase agreements, and securities lending transactions to the extent that they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement. The guidance became effective for us at the beginning of our first quarter of fiscal 2014 and did not have a material impact on our financial statements. |
Summary_Of_Significant_Account1
Summary Of Significant Accounting Policies (Tables) | 3 Months Ended | |||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||||||||||
Schedule of Error Corrections and Prior Period Adjustments | ' | |||||||||||||||||||||||
In order to align prior period classifications with the current period presentation, the historical consolidated financial statements have been corrected, resulting in reclassifications of $25.4 million and $22.7 million for fiscal years 2013 and 2012, respectively. The reclassification for the first quarter of fiscal 2013 was $6.4 million. The consolidated statements of earnings as corrected are presented below (in millions): | ||||||||||||||||||||||||
Fiscal 2013 | Fiscal 2012 | |||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Full Year | Full Year | |||||||||||||||||||
Net revenues | ||||||||||||||||||||||||
Company-operated stores | $ | 2,989.60 | $ | 2,807.70 | $ | 2,986.30 | $ | 3,009.60 | $ | 11,793.20 | $ | 10,534.50 | ||||||||||||
Licensed stores | 350.2 | 322.1 | 342 | 346.3 | 1,360.50 | 1,210.30 | ||||||||||||||||||
CPG, foodservice and other | 453.4 | 419.8 | 407 | 432.9 | 1,713.10 | 1,532.00 | ||||||||||||||||||
Total net revenues | 3,793.20 | 3,549.60 | 3,735.30 | 3,788.80 | 14,866.80 | 13,276.80 | ||||||||||||||||||
Cost of sales including occupancy costs | 1,620.70 | 1,530.40 | 1,597.60 | 1,633.70 | 6,382.30 | 5,813.30 | ||||||||||||||||||
Store operating expenses | 1,089.50 | 1,038.40 | 1,084.10 | 1,073.90 | 4,286.10 | 3,918.10 | ||||||||||||||||||
Other operating expenses | 126.1 | 105.8 | 98.9 | 101.1 | 431.8 | 407.2 | ||||||||||||||||||
Depreciation and amortization expenses | 148.9 | 153.1 | 153.3 | 166.1 | 621.4 | 550.3 | ||||||||||||||||||
General and administrative expenses | 231.9 | 230.3 | 249.6 | 226.1 | 937.9 | 801.2 | ||||||||||||||||||
Litigation charge | — | — | — | 2,784.10 | 2,784.10 | — | ||||||||||||||||||
Total operating expenses | 3,217.10 | 3,058.00 | 3,183.50 | 5,985.00 | 15,443.60 | 11,490.10 | ||||||||||||||||||
Income from equity investees | 54.5 | 52.5 | 63.4 | 81 | 251.4 | 210.7 | ||||||||||||||||||
Operating income/(loss) | 630.6 | 544.1 | 615.2 | (2,115.2 | ) | (325.4 | ) | 1,997.40 | ||||||||||||||||
Interest income and other, net | (2.9 | ) | 50.8 | 3.5 | 72.1 | 123.6 | 94.4 | |||||||||||||||||
Interest expense | (6.6 | ) | (6.1 | ) | (6.3 | ) | (9.1 | ) | (28.1 | ) | (32.7 | ) | ||||||||||||
Earnings/(loss) before income taxes | 621.1 | 588.8 | 612.4 | (2,052.2 | ) | (229.9 | ) | 2,059.10 | ||||||||||||||||
Income taxes | 188.7 | 198.1 | 194.6 | (820.1 | ) | (238.7 | ) | 674.4 | ||||||||||||||||
Net earnings including noncontrolling interests | 432.4 | 390.7 | 417.8 | (1,232.1 | ) | 8.8 | 1,384.70 | |||||||||||||||||
Net earnings attributable to noncontrolling interests | 0.2 | 0.3 | — | (0.1 | ) | 0.5 | 0.9 | |||||||||||||||||
Net earnings attributable to Starbucks | $ | 432.2 | $ | 390.4 | $ | 417.8 | $ | (1,232.0 | ) | $ | 8.3 | $ | 1,383.80 | |||||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||
Pretax Effect Of Derivative Contracts Designated as Hedging Instruments on Earnings and Other Comprehensive Income | ' | |||||||||||||||||||||||||||||||
The following table presents the pretax effect of derivative contracts designated as hedging instruments on earnings and other comprehensive income ("OCI") for the quarters ended (in millions): | ||||||||||||||||||||||||||||||||
Interest Rates | Foreign Currency | Coffee | ||||||||||||||||||||||||||||||
Quarter Ended | Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | ||||||||||||||||||||||||||
Cash Flow Hedges: | ||||||||||||||||||||||||||||||||
Gain/(Loss) recognized in earnings | $ | 1.2 | $ | — | $ | 1.2 | $ | (0.6 | ) | $ | (10.0 | ) | $ | (5.2 | ) | |||||||||||||||||
Gain/(Loss) recognized in OCI | $ | 0.5 | $ | — | $ | 11.6 | $ | 4.6 | $ | (0.3 | ) | $ | (21.5 | ) | ||||||||||||||||||
Net Investment Hedges: | ||||||||||||||||||||||||||||||||
Gain/(Loss) recognized in earnings | $ | — | $ | — | ||||||||||||||||||||||||||||
Gain/(Loss) recognized in OCI | $ | 9.8 | $ | 14.7 | ||||||||||||||||||||||||||||
Interest Rates | Foreign Currency | Coffee | ||||||||||||||||||||||||||||||
Pretax Effect of Derivative Contracts Not Designated as Hedging Instruments on Earnings | ' | |||||||||||||||||||||||||||||||
The following table presents the pretax effect of derivative contracts not designated as hedging instruments on earnings for the quarters ended (in millions): | ||||||||||||||||||||||||||||||||
Foreign Currency | Coffee | Dairy | Diesel Fuel | |||||||||||||||||||||||||||||
Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | Dec 29, 2013 | Dec 30, 2012 | |||||||||||||||||||||||||
Gain/(Loss) recognized in earnings for the quarter ended | $ | (0.9 | ) | $ | (1.1 | ) | $ | — | $ | (2.7 | ) | $ | 4.5 | $ | (1.5 | ) | $ | — | $ | — | ||||||||||||
Notional Amounts of Outstanding Derivative Contracts | ' | |||||||||||||||||||||||||||||||
Notional amounts of outstanding derivative contracts (in millions): | ||||||||||||||||||||||||||||||||
Dec 29, 2013 | Sep 29, 2013 | |||||||||||||||||||||||||||||||
Foreign currency | $ | 494 | $ | 452 | ||||||||||||||||||||||||||||
Coffee | 1 | — | ||||||||||||||||||||||||||||||
Dairy | 43 | 38 | ||||||||||||||||||||||||||||||
Diesel fuel | $ | 14 | $ | 17 | ||||||||||||||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | |||||||||||||||
Dec. 29, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | |||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions): | ||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Balance at | Quoted Prices | Significant | Significant | |||||||||||||
29-Dec-13 | in Active | Other Observable | Unobservable Inputs | |||||||||||||
Markets for | Inputs | (Level 3) | ||||||||||||||
Identical Assets | (Level 2) | |||||||||||||||
(Level 1) | ||||||||||||||||
Assets: | ||||||||||||||||
Cash and cash equivalents | $ | 1,545.80 | $ | 1,545.80 | $ | — | $ | — | ||||||||
Short-term investments: | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
Commercial paper | 35.8 | — | 35.8 | — | ||||||||||||
Corporate debt securities | 14.2 | — | 14.2 | — | ||||||||||||
Government treasury securities | 11.1 | 11.1 | — | — | ||||||||||||
Certificates of deposit | 24.5 | — | 24.5 | — | ||||||||||||
Total available-for-sale securities | 85.6 | 11.1 | 74.5 | — | ||||||||||||
Trading securities | 71.4 | 71.4 | — | — | ||||||||||||
Total short-term investments | 157 | 82.5 | 74.5 | — | ||||||||||||
Short-term derivatives | 24.6 | — | 24.6 | — | ||||||||||||
Long-term investments: | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
Agency obligations | 20.3 | — | 20.3 | — | ||||||||||||
Corporate debt securities | 199.6 | — | 199.6 | — | ||||||||||||
Auction rate securities | 13.4 | — | — | 13.4 | ||||||||||||
Government treasury securities | 179.1 | 179.1 | — | — | ||||||||||||
Mortgage and asset-backed securities | 67.6 | — | 67.6 | — | ||||||||||||
Total long-term investments | 480 | 179.1 | 287.5 | 13.4 | ||||||||||||
Long-term derivatives | 22.3 | — | 22.3 | — | ||||||||||||
Total | $ | 2,229.70 | $ | 1,807.40 | $ | 408.9 | $ | 13.4 | ||||||||
Liabilities: | ||||||||||||||||
Short-term derivatives | $ | 0.3 | $ | — | $ | 0.3 | $ | — | ||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Balance at | Quoted Prices | Significant | Significant | |||||||||||||
29-Sep-13 | in Active | Other Observable | Unobservable Inputs | |||||||||||||
Markets for | Inputs | (Level 3) | ||||||||||||||
Identical Assets | (Level 2) | |||||||||||||||
(Level 1) | ||||||||||||||||
Assets: | ||||||||||||||||
Cash and cash equivalents | $ | 2,575.70 | $ | 2,575.70 | $ | — | $ | — | ||||||||
Short-term investments: | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
Agency obligations | 20 | — | 20 | — | ||||||||||||
Commercial paper | 127 | — | 127 | — | ||||||||||||
Corporate debt securities | 57.5 | — | 57.5 | — | ||||||||||||
Government treasury securities | 352.9 | 352.9 | — | — | ||||||||||||
Certificates of deposit | 34.1 | — | 34.1 | — | ||||||||||||
Total available-for-sale securities | 591.5 | 352.9 | 238.6 | — | ||||||||||||
Trading securities | 66.6 | 66.6 | — | — | ||||||||||||
Total short-term investments | 658.1 | 419.5 | 238.6 | — | ||||||||||||
Short-term derivatives | 12.5 | — | 12.5 | — | ||||||||||||
Long-term investments: | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
Agency obligations | 8.1 | — | 8.1 | — | ||||||||||||
Corporate debt securities | 36.8 | — | 36.8 | — | ||||||||||||
Auction rate securities | 13.4 | — | — | 13.4 | ||||||||||||
Total long-term investments | 58.3 | — | 44.9 | 13.4 | ||||||||||||
Long-term derivatives | 11.4 | — | 11.4 | — | ||||||||||||
Total | $ | 3,316.00 | $ | 2,995.20 | $ | 307.4 | $ | 13.4 | ||||||||
Liabilities: | ||||||||||||||||
Short-term derivatives | $ | 3.5 | $ | — | $ | 3.5 | $ | — | ||||||||
Long-term derivatives | 0.5 | — | 0.5 | — | ||||||||||||
Total | $ | 4 | $ | — | $ | 4 | $ | — | ||||||||
Inventories_Tables
Inventories (Tables) | 3 Months Ended | |||||||||||
Dec. 29, 2013 | ||||||||||||
Inventory Disclosure [Abstract] | ' | |||||||||||
Inventories | ' | |||||||||||
(in millions) | Dec 29, 2013 | Sep 29, 2013 | Dec 30, 2012 | |||||||||
Coffee: | ||||||||||||
Unroasted | $ | 407.6 | $ | 493 | $ | 619 | ||||||
Roasted | 203.7 | 235.4 | 196.6 | |||||||||
Other merchandise held for sale | 198.8 | 243.3 | 161.3 | |||||||||
Packaging and other supplies | 133.2 | 139.5 | 116.3 | |||||||||
Total | $ | 943.3 | $ | 1,111.20 | $ | 1,093.20 | ||||||
Supplemental_Balance_Sheet_Inf1
Supplemental Balance Sheet Information (Tables) | 3 Months Ended | |||||||
Dec. 29, 2013 | ||||||||
Balance Sheet Related Disclosures [Abstract] | ' | |||||||
Property, Plant And Equipment, Net | ' | |||||||
Property, Plant and Equipment, net | Dec 29, 2013 | Sep 29, 2013 | ||||||
Land | $ | 46.9 | $ | 47 | ||||
Buildings | 279.3 | 259.6 | ||||||
Leasehold improvements | 4,522.30 | 4,431.60 | ||||||
Store equipment | 1,371.40 | 1,353.90 | ||||||
Roasting equipment | 411.1 | 397.9 | ||||||
Furniture, fixtures and other | 957.1 | 949.7 | ||||||
Work in progress | 349.5 | 342.4 | ||||||
Property, plant and equipment, gross | 7,937.60 | 7,782.10 | ||||||
Less accumulated depreciation | (4,704.6 | ) | (4,581.6 | ) | ||||
Property, plant and equipment, net | $ | 3,233.00 | $ | 3,200.50 | ||||
Accrued Liabilities | ' | |||||||
Accrued Liabilities | Dec 29, 2013 | Sep 29, 2013 | ||||||
Accrued compensation and related costs | $ | 360.1 | $ | 420.2 | ||||
Accrued occupancy costs | 120.7 | 120.7 | ||||||
Accrued taxes | 231.6 | 125 | ||||||
Accrued dividend payable | 196.7 | 195.8 | ||||||
Other | 400.1 | 407.6 | ||||||
Total accrued liabilities | $ | 1,309.20 | $ | 1,269.30 | ||||
Debt_Tables
Debt (Tables) | 3 Months Ended | |||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | |||||||||||||||||||
As discussed in Note 2, we enter into interest rate swap agreements to hedge the variability in cash flows due to changes in the benchmark interest rate related to anticipated debt issuances. The components of our long-term debt and the associated interest rates, including our effective interest rate, were as follows (in millions, except interest rate amounts): | ||||||||||||||||||||
Dec 29, 2013 | Sep 29, 2013 | Stated Interest Rate | Effective Interest Rate | |||||||||||||||||
Issuance | Due Date | Face Value | Estimated Fair Value | Face Value | Estimated Fair Value | |||||||||||||||
2014 3-year notes | Dec-16 | $ | 400 | $ | 398 | $ | — | $ | — | 0.875 | % | 0.941 | % | |||||||
2007 notes | Aug-17 | 550 | 642 | 550 | 644 | 6.25 | % | 6.292 | % | |||||||||||
2014 5-year notes | Dec-18 | 350 | 350 | — | — | 2 | % | 2.012 | % | |||||||||||
2013 notes | Oct-23 | 750 | 758 | 750 | 762 | 3.85 | % | 2.86 | % | |||||||||||
Total | 2,050.00 | 2,148.00 | 1,300.00 | 1,406.00 | ||||||||||||||||
Aggregate unamortized discount | 2.1 | 0.6 | ||||||||||||||||||
Total | $ | 2,047.90 | $ | 1,299.40 | ||||||||||||||||
Equity_Tables
Equity (Tables) | 3 Months Ended | |||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||
Equity [Abstract] | ' | |||||||||||||||||||
Changes In Total Equity | ' | |||||||||||||||||||
Equity | ||||||||||||||||||||
Changes in total equity (in millions): | ||||||||||||||||||||
Quarter Ended | ||||||||||||||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||||||||||||||
Beginning balance of total equity | $ | 4,482.30 | $ | 5,114.50 | ||||||||||||||||
Net earnings including noncontrolling interests | 540.7 | 432.4 | ||||||||||||||||||
Other comprehensive income / (loss) | 1.7 | (10.8 | ) | |||||||||||||||||
Stock-based compensation expense | 48.4 | 37.9 | ||||||||||||||||||
Exercise of stock options/vesting of RSUs | 54.6 | 144.6 | ||||||||||||||||||
Sale of common stock | 5.3 | 5 | ||||||||||||||||||
Repurchase of common stock | (46.7 | ) | (392.7 | ) | ||||||||||||||||
Cash dividends declared | (196.8 | ) | (155.9 | ) | ||||||||||||||||
Ending balance of total equity | $ | 4,889.50 | $ | 5,175.00 | ||||||||||||||||
Changes in Components Of Accumulated Other Comprehensive Income, Net Of Tax | ' | |||||||||||||||||||
Changes in accumulated other comprehensive income ("AOCI") by component for the quarter ended December 29, 2013, net of tax (in millions): | ||||||||||||||||||||
Gains / (Losses) on Cash Flow Hedges | Gains / (Losses) on Net Investment Hedges | Unrealized Gains/(Losses) on Available-for-Sale Securities | Translation Adjustment | Total | ||||||||||||||||
Balance at September 29, 2013 | $ | 26.8 | $ | (12.9 | ) | $ | (0.5 | ) | $ | 53.6 | $ | 67 | ||||||||
OCI before reclassifications | 7.9 | 6.2 | (1.2 | ) | (18.7 | ) | (5.8 | ) | ||||||||||||
Amounts reclassified from AOCI | 7.5 | — | — | — | 7.5 | |||||||||||||||
Net current period OCI | 15.4 | 6.2 | (1.2 | ) | (18.7 | ) | 1.7 | |||||||||||||
Balance at December 29, 2013 | $ | 42.2 | $ | (6.7 | ) | $ | (1.7 | ) | $ | 34.9 | $ | 68.7 | ||||||||
Reclassification out of Accumulated Other Comprehensive Income | ' | |||||||||||||||||||
Impact of reclassifications from AOCI by component on the consolidated statements of earnings for the quarter ended December 29, 2013 (in millions): | ||||||||||||||||||||
AOCI | Amounts Reclassified | Affected Line Item in | ||||||||||||||||||
Components | from AOCI | the Statements of Earnings | ||||||||||||||||||
Gains/(losses) on cash flow hedges | ||||||||||||||||||||
Interest rate hedges | $ | 1.2 | Interest expense | |||||||||||||||||
Foreign currency hedges | 1 | Revenue | ||||||||||||||||||
Foreign currency / coffee hedges | (9.8 | ) | Cost of sales including occupancy costs | |||||||||||||||||
(7.6 | ) | Total before tax | ||||||||||||||||||
0.1 | Tax (expense)/benefit | |||||||||||||||||||
$ | (7.5 | ) | Net of tax | |||||||||||||||||
Share Repurchase Activity | ' | |||||||||||||||||||
Share repurchase activity (in millions, except for average price data): | ||||||||||||||||||||
Quarter Ended | ||||||||||||||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||||||||||||||
Number of shares acquired | 0.6 | 8 | ||||||||||||||||||
Average price per share of acquired shares | $ | 77.25 | $ | 48.88 | ||||||||||||||||
Total cost of acquired shares | $ | 46.7 | $ | 392.7 | ||||||||||||||||
Employee_Stock_Plans_Tables
Employee Stock Plans (Tables) | 3 Months Ended | |||||||
Dec. 29, 2013 | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||
Stock-Based Compensation Expense Recognized In Consolidated Statement Of Earnings | ' | |||||||
Stock-based compensation expense recognized in the consolidated statements of earnings (in millions): | ||||||||
Quarter Ended | ||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||
Options | $ | 12.8 | $ | 11.9 | ||||
Restricted Stock Units (“RSUs”) | 35 | 25.5 | ||||||
Total stock-based compensation | $ | 47.8 | $ | 37.4 | ||||
Stock Option And RSU Transactions | ' | |||||||
Stock option and RSU transactions from September 29, 2013 through December 29, 2013 (in millions): | ||||||||
Stock Options | RSUs | |||||||
Options outstanding/Nonvested RSUs, September 29, 2013 | 22 | 5.8 | ||||||
Granted | 2.8 | 2.3 | ||||||
Options exercised/RSUs vested | (2.2 | ) | (2.4 | ) | ||||
Forfeited/expired | (0.1 | ) | (0.1 | ) | ||||
Options outstanding/Nonvested RSUs, December 29, 2013 | 22.5 | 5.6 | ||||||
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 29, 2013 | $ | 59.5 | $ | 184.2 | ||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | |||||||
Dec. 29, 2013 | ||||||||
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 | ||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||
Net earnings attributable to Starbucks | $ | 540.7 | $ | 432.2 | ||||
Weighted average common shares outstanding (for basic calculation) | 754.9 | 746.1 | ||||||
Dilutive effect of outstanding common stock options and RSUs | 11.3 | 15.2 | ||||||
Weighted average common and common equivalent shares outstanding (for diluted calculation) | 766.2 | 761.3 | ||||||
EPS — basic | $ | 0.72 | $ | 0.58 | ||||
EPS — diluted | $ | 0.71 | $ | 0.57 | ||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 3 Months Ended | |||||||||||||||||||||||
Dec. 29, 2013 | ||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment | ' | |||||||||||||||||||||||
The table below presents financial information for our reportable operating segments and All Other Segments for the quarters ended December 29, 2013 and December 30, 2012, including reclassifications resulting from the correction of the immaterial error discussed in Note 1. The reclassifications for Channel Development were $21.8 million and $19.2 million for fiscal years 2013 and 2012, respectively. The reclassifications for All Other Segments were $3.6 million and $3.5 million for fiscal years 2013 and 2012, respectively. The reclassifications for the first quarter of fiscal 2013 were $5.5 million and $0.9 million for Channel Development and All Other Segments, respectively. | ||||||||||||||||||||||||
Quarter Ended | ||||||||||||||||||||||||
(in millions) | Americas | EMEA | China / | Channel | All Other Segments | Segment | ||||||||||||||||||
Asia Pacific | Development | Total | ||||||||||||||||||||||
December 29, 2013 | ||||||||||||||||||||||||
Total net revenues | $ | 3,073.00 | $ | 339.5 | $ | 266.9 | $ | 401 | $ | 159.2 | $ | 4,239.60 | ||||||||||||
Depreciation and amortization expenses | 112.3 | 14.6 | 10.3 | 0.4 | 3.7 | 141.3 | ||||||||||||||||||
Income from equity investees | — | 0.8 | 33.1 | 17.2 | — | 51.1 | ||||||||||||||||||
Operating income | 732.1 | 33.5 | 81.1 | 118.8 | 13.6 | 979.1 | ||||||||||||||||||
December 30, 2012 | ||||||||||||||||||||||||
Total net revenues | $ | 2,840.70 | $ | 306.1 | $ | 214.1 | $ | 374.3 | $ | 58 | $ | 3,793.20 | ||||||||||||
Depreciation and amortization expenses | 105.4 | 14.2 | 7.4 | 0.3 | 1 | 128.3 | ||||||||||||||||||
Income from equity investees | — | — | 34.1 | 20.4 | — | 54.5 | ||||||||||||||||||
Operating income/(loss) | 590.3 | 22.3 | 72.1 | 96.8 | (4.2 | ) | 777.3 | |||||||||||||||||
Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes | ' | |||||||||||||||||||||||
The following table reconciles total segment operating income in the tables above to consolidated earnings before income taxes (in millions): | ||||||||||||||||||||||||
Quarter Ended | ||||||||||||||||||||||||
Dec 29, 2013 | Dec 30, 2012 | |||||||||||||||||||||||
Total segment operating income | $ | 979.1 | $ | 777.3 | ||||||||||||||||||||
Unallocated corporate operating expenses | (165.6 | ) | (146.7 | ) | ||||||||||||||||||||
Consolidated operating income | 813.5 | 630.6 | ||||||||||||||||||||||
Interest income and other, net | 19.8 | (2.9 | ) | |||||||||||||||||||||
Interest expense | (14.5 | ) | (6.6 | ) | ||||||||||||||||||||
Earnings before income taxes | $ | 818.8 | $ | 621.1 | ||||||||||||||||||||
Recovered_Sheet2
Summary of Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 30, 2012 | Sep. 29, 2013 | Sep. 30, 2012 |
Description of immaterial error correction | 'Effective at the beginning of fiscal 2014, we reclassified certain fees related to our US and Seattle's Best Coffee foodservice operations in our Channel Development segment and All Other Segments, respectively, from other operating expenses to foodservice revenues included in CPG, foodservice and other net revenues in our consolidated statements of earnings. This reclassification results from a correction of an error in our prior period financial statements which we have determined to be immaterial. | ' | ' | ' | ' | ' | ' |
Reclassification resulting from an immaterial error | ' | ' | ' | ' | $6.40 | $25.40 | $22.70 |
Company-operated stores | 3,343.80 | 3,009.60 | 2,986.30 | 2,807.70 | 2,989.60 | 11,793.20 | 10,534.50 |
Licensed stores | 401.8 | 346.3 | 342 | 322.1 | 350.2 | 1,360.50 | 1,210.30 |
CPG, foodservice and other | 494 | 432.9 | 407 | 419.8 | 453.4 | 1,713.10 | 1,532 |
Total net revenues | 4,239.60 | 3,788.80 | 3,735.30 | 3,549.60 | 3,793.20 | 14,866.80 | 13,276.80 |
Cost of sales including occupancy costs | 1,795.10 | 1,633.70 | 1,597.60 | 1,530.40 | 1,620.70 | 6,382.30 | 5,813.30 |
Store operating expenses | 1,175.10 | 1,073.90 | 1,084.10 | 1,038.40 | 1,089.50 | 4,286.10 | 3,918.10 |
Other operating expenses | 114.9 | 101.1 | 98.9 | 105.8 | 126.1 | 431.8 | 407.2 |
Depreciation and amortization expenses | 169.7 | 166.1 | 153.3 | 153.1 | 148.9 | 621.4 | 550.3 |
General and administrative expenses | 242.6 | 226.1 | 249.6 | 230.3 | 231.9 | 937.9 | 801.2 |
Litigation charge/(credit) | -20.2 | 2,784.10 | 0 | 0 | 0 | 2,784.10 | 0 |
Total operating expenses | 3,477.20 | 5,985 | 3,183.50 | 3,058 | 3,217.10 | 15,443.60 | 11,490.10 |
Income from equity investees | 51.1 | 81 | 63.4 | 52.5 | 54.5 | 251.4 | 210.7 |
Operating income | 813.5 | -2,115.20 | 615.2 | 544.1 | 630.6 | -325.4 | 1,997.40 |
Interest income and other, net | 19.8 | 72.1 | 3.5 | 50.8 | -2.9 | 123.6 | 94.4 |
Interest expense | -14.5 | -9.1 | -6.3 | -6.1 | -6.6 | -28.1 | -32.7 |
Earnings before income taxes | 818.8 | -2,052.20 | 612.4 | 588.8 | 621.1 | -229.9 | 2,059.10 |
Income taxes | 278.1 | -820.1 | 194.6 | 198.1 | 188.7 | -238.7 | 674.4 |
Net earnings including noncontrolling interests | 540.7 | -1,232.10 | 417.8 | 390.7 | 432.4 | 8.8 | 1,384.70 |
Comprehensive income attributable to noncontrolling interests | 0 | -0.1 | 0 | 0.3 | 0.2 | 0.5 | 0.9 |
Net earnings attributable to Starbucks | $540.70 | ($1,232) | $417.80 | $390.40 | $432.20 | $8.30 | $1,383.80 |
Current Fiscal Year End Date | '--09-28 | ' | ' | ' | ' | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Narrative) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 |
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Net derivative (gains)/losses, net of taxes, included in accumulated other comprehensive income | ($38.80) | ($41.40) |
Amount of derivative (gains)/losses pertaining to hedging instruments that is expected to be reclassified into earnings within twelve months | -3.2 | ' |
Foreign Exchange [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amounts of outstanding derivative contracts | 494 | 452 |
Foreign Exchange [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Net derivative (gains)/losses, net of taxes, included in accumulated other comprehensive income | -6.8 | 0.3 |
Amount of derivative (gains)/losses pertaining to hedging instruments that is expected to be reclassified into earnings within twelve months | -4.7 | ' |
Outstanding contracts expire (in months) | '33 months | ' |
Foreign Exchange [Member] | Net Investment Hedging [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Net derivative (gains)/losses, net of taxes, included in accumulated other comprehensive income related to net investment hedges | 6.7 | 12.9 |
Outstanding contracts expire (in months) | '26 months | ' |
Coffee [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amounts of outstanding derivative contracts | 1 | 0 |
Coffee [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Net derivative (gains)/losses, net of taxes, included in accumulated other comprehensive income | 3.4 | 12.2 |
Amount of derivative (gains)/losses pertaining to hedging instruments that is expected to be reclassified into earnings within twelve months | $2.70 | ' |
Outstanding contracts expire (in months) | '16 months | ' |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Pretax Effect Of Derivative Instruments On Earnings And Other Comprehensive Income) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Designated as Hedging Instrument [Member] | Cash Flow Hedges [Member] | Interest Rate Swap [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain/(Loss) recognized in earnings | $1.20 | $0 |
Gain/(Loss) recognized in OCI | 0.5 | 0 |
Designated as Hedging Instrument [Member] | Cash Flow Hedges [Member] | Foreign Exchange [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain/(Loss) recognized in earnings | 1.2 | -0.6 |
Gain/(Loss) recognized in OCI | 11.6 | 4.6 |
Designated as Hedging Instrument [Member] | Cash Flow Hedges [Member] | Coffee [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain/(Loss) recognized in earnings | -10 | -5.2 |
Gain/(Loss) recognized in OCI | -0.3 | -21.5 |
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Foreign Exchange [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain/(Loss) recognized in earnings | 0 | 0 |
Gain/(Loss) recognized in OCI | 9.8 | 14.7 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain/(Loss) recognized in earnings | -0.9 | -1.1 |
Not Designated as Hedging Instrument [Member] | Coffee [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain/(Loss) recognized in earnings | 0 | -2.7 |
Not Designated as Hedging Instrument [Member] | Dairy Contracts [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain/(Loss) recognized in earnings | 4.5 | -1.5 |
Not Designated as Hedging Instrument [Member] | Diesel Contracts [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain/(Loss) recognized in earnings | $0 | $0 |
Derivative_and_Financial_Instr
Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) (USD $) | Dec. 29, 2013 | Sep. 29, 2013 |
In Millions, unless otherwise specified | ||
Foreign Exchange Contract [Member] | ' | ' |
Notional amounts of outstanding derivative contracts | $494 | $452 |
Coffee Contracts [Member] | ' | ' |
Notional amounts of outstanding derivative contracts | 1 | 0 |
Dairy Contracts [Member] | ' | ' |
Notional amounts of outstanding derivative contracts | 43 | 38 |
Diesel Contracts [Member] | ' | ' |
Notional amounts of outstanding derivative contracts | $14 | $17 |
Fair_Value_Measurements_Assets
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $) | Dec. 29, 2013 | Sep. 29, 2013 |
In Millions, unless otherwise specified | ||
Assets: | ' | ' |
Cash and cash equivalents | $1,545.80 | $2,575.70 |
Short-term investments: Available-for-sale securities | 85.6 | 591.5 |
Short-term investments: Trading securities | 71.4 | 66.6 |
Total short-term investments | 157 | 658.1 |
Short term derivatives | 24.6 | 12.5 |
Long-term investments: Available-for-sale securities | 480 | 58.3 |
Long-term derivatives | 22.3 | 11.4 |
Total | 2,229.70 | 3,316 |
Liabilities: | ' | ' |
Short-term derivatives | 0.3 | 3.5 |
Long-term derivatives | ' | 0.5 |
Total derivatives | ' | 4 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 1,545.80 | 2,575.70 |
Short-term investments: Available-for-sale securities | 11.1 | 352.9 |
Short-term investments: Trading securities | 71.4 | 66.6 |
Total short-term investments | 82.5 | 419.5 |
Short term derivatives | 0 | 0 |
Long-term investments: Available-for-sale securities | 179.1 | 0 |
Long-term derivatives | 0 | 0 |
Total | 1,807.40 | 2,995.20 |
Liabilities: | ' | ' |
Short-term derivatives | 0 | 0 |
Long-term derivatives | ' | 0 |
Total derivatives | ' | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 0 | 0 |
Short-term investments: Available-for-sale securities | 74.5 | 238.6 |
Short-term investments: Trading securities | 0 | 0 |
Total short-term investments | 74.5 | 238.6 |
Short term derivatives | 24.6 | 12.5 |
Long-term investments: Available-for-sale securities | 287.5 | 44.9 |
Long-term derivatives | 22.3 | 11.4 |
Total | 408.9 | 307.4 |
Liabilities: | ' | ' |
Short-term derivatives | 0.3 | 3.5 |
Long-term derivatives | ' | 0.5 |
Total derivatives | ' | 4 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 0 | 0 |
Short-term investments: Available-for-sale securities | 0 | 0 |
Short-term investments: Trading securities | 0 | 0 |
Total short-term investments | 0 | 0 |
Short term derivatives | 0 | 0 |
Long-term investments: Available-for-sale securities | 13.4 | 13.4 |
Long-term derivatives | 0 | 0 |
Total | 13.4 | 13.4 |
Liabilities: | ' | ' |
Short-term derivatives | 0 | 0 |
Long-term derivatives | ' | 0 |
Total derivatives | ' | 0 |
Agency Obligations [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | ' | 20 |
Long-term investments: Available-for-sale securities | 20.3 | 8.1 |
Agency Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | ' | 0 |
Long-term investments: Available-for-sale securities | 0 | 0 |
Agency Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | ' | 20 |
Long-term investments: Available-for-sale securities | 20.3 | 8.1 |
Agency Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | ' | 0 |
Long-term investments: Available-for-sale securities | 0 | 0 |
Commercial Paper [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 35.8 | 127 |
Commercial Paper [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 0 | 0 |
Commercial Paper [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 35.8 | 127 |
Commercial Paper [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 0 | 0 |
Corporate Debt Securities [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 14.2 | 57.5 |
Long-term investments: Available-for-sale securities | 199.6 | 36.8 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 0 | 0 |
Long-term investments: Available-for-sale securities | 0 | 0 |
Corporate Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 14.2 | 57.5 |
Long-term investments: Available-for-sale securities | 199.6 | 36.8 |
Corporate Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 0 | 0 |
Long-term investments: Available-for-sale securities | 0 | 0 |
Auction Rate Securities [Member] | ' | ' |
Assets: | ' | ' |
Long-term investments: Available-for-sale securities | 13.4 | 13.4 |
Auction Rate Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Long-term investments: Available-for-sale securities | 0 | 0 |
Auction Rate Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Long-term investments: Available-for-sale securities | 0 | 0 |
Auction Rate Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Long-term investments: Available-for-sale securities | 13.4 | 13.4 |
Government Treasury Securities [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 11.1 | 352.9 |
Long-term investments: Available-for-sale securities | 179.1 | ' |
Government Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 11.1 | 352.9 |
Long-term investments: Available-for-sale securities | 179.1 | ' |
Government Treasury Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 0 | 0 |
Long-term investments: Available-for-sale securities | 0 | ' |
Government Treasury Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 0 | 0 |
Long-term investments: Available-for-sale securities | 0 | ' |
Certificates Of Deposit [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 24.5 | 34.1 |
Certificates Of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 0 | 0 |
Certificates Of Deposit [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 24.5 | 34.1 |
Certificates Of Deposit [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Short-term investments: Available-for-sale securities | 0 | 0 |
Mortgage and Asset-backed Securities [Member] | ' | ' |
Assets: | ' | ' |
Long-term investments: Available-for-sale securities | 67.6 | ' |
Mortgage and Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Long-term investments: Available-for-sale securities | 0 | ' |
Mortgage and Asset-backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Long-term investments: Available-for-sale securities | 67.6 | ' |
Mortgage and Asset-backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Long-term investments: Available-for-sale securities | $0 | ' |
Inventories_Narrative_Details
Inventories (Narrative) (Details) (USD $) | Dec. 29, 2013 | Sep. 29, 2013 | Dec. 29, 2013 | Dec. 29, 2013 |
In Millions, unless otherwise specified | Coffee [Member] | Coffee [Member] | Fixed Price Contract [Member] | Price-to-be-fixed Contract [Member] |
Amount of coffee committed to be purchased | ' | ' | $519 | $264 |
Notional amounts of outstanding derivative contracts | $1 | $0 | ' | ' |
Inventories_Components_of_Inve
Inventories (Components of Inventory) (Details) (USD $) | Dec. 29, 2013 | Sep. 29, 2013 | Dec. 30, 2012 |
In Millions, unless otherwise specified | |||
Inventory Disclosure [Abstract] | ' | ' | ' |
Unroasted coffee | $407.60 | $493 | $619 |
Roasted coffee | 203.7 | 235.4 | 196.6 |
Other merchandise held for sale | 198.8 | 243.3 | 161.3 |
Packaging and other supplies | 133.2 | 139.5 | 116.3 |
Total | $943.30 | $1,111.20 | $1,093.20 |
Supplemental_Balance_Sheet_Inf2
Supplemental Balance Sheet Information (Property, Plant And Equipment, Net) (Details) (USD $) | Dec. 29, 2013 | Sep. 29, 2013 |
In Millions, unless otherwise specified | ||
Balance Sheet Related Disclosures [Abstract] | ' | ' |
Land | $46.90 | $47 |
Buildings | 279.3 | 259.6 |
Leasehold improvements | 4,522.30 | 4,431.60 |
Store equipment | 1,371.40 | 1,353.90 |
Roasting equipment | 411.1 | 397.9 |
Furniture, fixtures and other | 957.1 | 949.7 |
Work in progress | 349.5 | 342.4 |
Property, plant and equipment, gross | 7,937.60 | 7,782.10 |
Less accumulated depreciation | -4,704.60 | -4,581.60 |
Property, plant and equipment, net | $3,233 | $3,200.50 |
Supplemental_Balance_Sheet_Inf3
Supplemental Balance Sheet Information (Accrued Liabilities) (Details) (USD $) | Dec. 29, 2013 | Sep. 29, 2013 |
In Millions, unless otherwise specified | ||
Balance Sheet Related Disclosures [Abstract] | ' | ' |
Accrued compensation and related costs | $360.10 | $420.20 |
Accrued occupancy costs | 120.7 | 120.7 |
Accrued taxes | 231.6 | 125 |
Accrued dividend payable | 196.7 | 195.8 |
Other | 400.1 | 407.6 |
Total accrued liabilities | $1,309.20 | $1,269.30 |
Debt_Details
Debt (Details) (USD $) | 1 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 |
Debt Instrument [Line Items] | ' | ' |
Debt Instrument, Unamortized Discount | $2.10 | $0.60 |
Long-term Debt, Gross | 2,050 | 1,300 |
Long-term Debt, Fair Value | 2,148 | 1,406 |
Long-term Debt, Carrying Value | 2,047.90 | 1,299.40 |
Point Eight Seven Five Percentage Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt Instrument, Issuance Date | 1-Dec-13 | ' |
Debt Instrument, Face Amount | 400 | 0 |
Stated interest rate | 0.88% | ' |
Effective interest rate | 0.94% | ' |
Debt Instrument, Maturity Date | 1-Dec-16 | ' |
Six Point Two Five Percentage Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt Instrument, Face Amount | 550 | 550 |
Stated interest rate | 6.25% | ' |
Effective interest rate | 6.29% | ' |
Two Point Zero Percentage Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt Instrument, Issuance Date | 1-Dec-13 | ' |
Debt Instrument, Face Amount | 350 | 0 |
Stated interest rate | 2.00% | ' |
Effective interest rate | 2.01% | ' |
Debt Instrument, Maturity Date | 1-Dec-18 | ' |
Three Point Eight Five Percentage Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt Instrument, Face Amount | 750 | 750 |
Stated interest rate | 3.85% | ' |
Effective interest rate | 2.86% | ' |
Fair Value, Inputs, Level 2 [Member] | Point Eight Seven Five Percentage Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Fair value | 398 | 0 |
Fair Value, Inputs, Level 2 [Member] | Six Point Two Five Percentage Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Fair value | 642 | 644 |
Fair Value, Inputs, Level 2 [Member] | Two Point Zero Percentage Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Fair value | 350 | 0 |
Fair Value, Inputs, Level 2 [Member] | Three Point Eight Five Percentage Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Fair value | $758 | $762 |
Equity_Narrative_Details
Equity (Narrative) (Details) (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 |
Equity [Abstract] | ' | ' |
Authorized shares of common stock | 1,200 | 1,200 |
Par value of common stock | $0.00 | $0.00 |
Authorized shares of preferred stock | 7.5 | ' |
Outstanding shares of preferred stock | 0 | ' |
Shares available for repurchase | 25.8 | ' |
Cash dividend to shareholders | $0.26 | ' |
Dividends payable, payment date | 21-Feb-14 | ' |
Dividends payable, record date | 6-Feb-14 | ' |
Equity_Changes_In_Total_Equity
Equity (Changes In Total Equity) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 30, 2012 | Sep. 29, 2013 | Sep. 30, 2012 |
Equity [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Beginning balance of total equity | $4,482.30 | ' | ' | ' | $5,114.50 | $5,114.50 | ' |
Net earnings including noncontrolling interests | 540.7 | -1,232.10 | 417.8 | 390.7 | 432.4 | 8.8 | 1,384.70 |
Other comprehensive income/(loss) | 1.7 | ' | ' | ' | -10.8 | ' | ' |
Stock-based compensation expense | 48.4 | ' | ' | ' | 37.9 | ' | ' |
Exercise of stock options/vesting of RSUs | 54.6 | ' | ' | ' | 144.6 | ' | ' |
Sale of common stock | 5.3 | ' | ' | ' | 5 | ' | ' |
Repurchase of common stock | -46.7 | ' | ' | ' | -392.7 | ' | ' |
Cash dividends declared | -196.8 | ' | ' | ' | -155.9 | ' | ' |
Ending balance of total equity | $4,889.50 | $4,482.30 | ' | ' | $5,175 | $4,482.30 | $5,114.50 |
Equity_Components_Of_Accumulat
Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Balance at September 29, 2013 | $67 | ' |
OCI before reclassifications, net of tax | -5.8 | ' |
Amounts reclassified from AOCI, net of tax | 7.5 | ' |
Other comprehensive income/(loss) | 1.7 | -10.8 |
Balance at December 29, 2013 | 68.7 | ' |
Cash Flow Hedging [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Balance at September 29, 2013 | 26.8 | ' |
OCI before reclassifications, net of tax | 7.9 | ' |
Amounts reclassified from AOCI, net of tax | 7.5 | ' |
Other comprehensive income/(loss) | 15.4 | ' |
Balance at December 29, 2013 | 42.2 | ' |
Net Investment Hedging [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Balance at September 29, 2013 | -12.9 | ' |
OCI before reclassifications, net of tax | 6.2 | ' |
Amounts reclassified from AOCI, net of tax | 0 | ' |
Other comprehensive income/(loss) | 6.2 | ' |
Balance at December 29, 2013 | -6.7 | ' |
Available-for-sale Securities [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Balance at September 29, 2013 | -0.5 | ' |
OCI before reclassifications, net of tax | -1.2 | ' |
Amounts reclassified from AOCI, net of tax | 0 | ' |
Other comprehensive income/(loss) | -1.2 | ' |
Balance at December 29, 2013 | -1.7 | ' |
Accumulated Translation Adjustment [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Balance at September 29, 2013 | 53.6 | ' |
OCI before reclassifications, net of tax | -18.7 | ' |
Amounts reclassified from AOCI, net of tax | 0 | ' |
Other comprehensive income/(loss) | -18.7 | ' |
Balance at December 29, 2013 | $34.90 | ' |
Equity_Reclassification_out_of
Equity (Reclassification out of Accumulated Other Comprehensive Income) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 30, 2012 | Sep. 29, 2013 | Sep. 30, 2012 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Interest expense | ($14.50) | ($9.10) | ($6.30) | ($6.10) | ($6.60) | ($28.10) | ($32.70) |
Revenue | 4,239.60 | 3,788.80 | 3,735.30 | 3,549.60 | 3,793.20 | 14,866.80 | 13,276.80 |
Cost of sales including occupancy costs | -1,795.10 | -1,633.70 | -1,597.60 | -1,530.40 | -1,620.70 | -6,382.30 | -5,813.30 |
Income taxes | -278.1 | 820.1 | -194.6 | -198.1 | -188.7 | 238.7 | -674.4 |
Amounts reclassified from AOCI, net of tax | 7.5 | ' | ' | ' | ' | ' | ' |
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] | ' | ' | ' | ' | ' | ' | ' |
Reclassified adjustments before income taxes | -7.6 | ' | ' | ' | ' | ' | ' |
Income taxes | 0.1 | ' | ' | ' | ' | ' | ' |
Amounts reclassified from AOCI, net of tax | -7.5 | ' | ' | ' | ' | ' | ' |
Interest Rate Swap [Member] | 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] | ' | ' | ' | ' | ' | ' | ' |
Interest expense | 1.2 | ' | ' | ' | ' | ' | ' |
Foreign Exchange Contract [Member] | 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] | ' | ' | ' | ' | ' | ' | ' |
Revenue | 1 | ' | ' | ' | ' | ' | ' |
Foreign Currency and Coffee Contracts [Member] | 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] | ' | ' | ' | ' | ' | ' | ' |
Cost of sales including occupancy costs | ($9.80) | ' | ' | ' | ' | ' | ' |
Equity_Share_Repurchase_Activi
Equity (Share Repurchase Activity) (Details) (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Equity [Abstract] | ' | ' |
Number of shares acquired | 0.6 | 8 |
Average price per share of acquired shares | $77.25 | $48.88 |
Total cost of acquired shares | $46.70 | $392.70 |
Employee_Stock_Plans_Narrative
Employee Stock Plans (Narrative) (Details) | Dec. 29, 2013 |
In Millions, unless otherwise specified | |
Common stock available for issuance pursuant to future equity-based compensation awards | 56 |
Common stock capital shares available for issuance ESPP | 7.7 |
Employee_Stock_Plans_StockBase
Employee Stock Plans (Stock-Based Compensation Expense Recognized In Consolidated Statement Of Earnings) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Stock-based compensation expense | $47.80 | $37.40 |
Options [Member] | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Stock-based compensation expense | 12.8 | 11.9 |
Restricted Stock Units (RSUs) [Member] | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Stock-based compensation expense | $35 | $25.50 |
Employee_Stock_Plans_Stock_Opt
Employee Stock Plans (Stock Option And RSU Transactions) (Details) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Dec. 29, 2013 |
Stock Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Options outstanding, September 29, 2013, Stock Option | 22 |
Granted, Stock Option | 2.8 |
Options exercised, Stock Option | -2.2 |
Forfeited/expired, Stock Option | -0.1 |
Options outstanding, December 29, 2013, Stock Option | 22.5 |
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 29, 2013 | $59.50 |
Restricted Stock Units (RSUs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Nonvested RSUs, September 29, 2013, RSUs | 5.8 |
Granted, RSUs | 2.3 |
RSUs vested, RSUs | -2.4 |
Forfeited/expired, RSUs | -0.1 |
Nonvested RSUs, December 29, 2013, RSUs | 5.6 |
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 29, 2013 | $184.20 |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) | 3 Months Ended | |
In Millions, unless otherwise specified | Dec. 29, 2013 | Dec. 30, 2012 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Document Period End Date | 29-Dec-13 | ' |
Stock Options [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Out-of-the-money options | 1.5 | 0.2 |
Earnings_Per_Share_Calculation
Earnings Per Share (Calculation Of Net Earnings Per Common Share ("EPS") - Basic And Diluted) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Millions, except Per Share data, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 30, 2012 | Sep. 29, 2013 | Sep. 30, 2012 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Document Period End Date | 29-Dec-13 | ' | ' | ' | ' | ' | ' |
Net earnings attributable to Starbucks | $540.70 | ($1,232) | $417.80 | $390.40 | $432.20 | $8.30 | $1,383.80 |
Weighted average common shares and common stock units outstanding (for basic calculation) | 754.9 | ' | ' | ' | 746.1 | ' | ' |
Dilutive effect of outstanding common stock options and RSUs | 11.3 | ' | ' | ' | 15.2 | ' | ' |
Weighted average common and common equivalent shares outstanding (for diluted calculation) | 766.2 | ' | ' | ' | 761.3 | ' | ' |
EPS - basic | $0.72 | ' | ' | ' | $0.58 | ' | ' |
EPS - diluted | $0.71 | ' | ' | ' | $0.57 | ' | ' |
Commitments_And_Contingencies_
Commitments And Contingencies (Details) (USD $) | 0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||
Nov. 12, 2013 | Apr. 02, 2012 | Nov. 29, 2010 | Aug. 31, 2010 | Dec. 29, 2013 | Sep. 29, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 30, 2012 | Sep. 29, 2013 | Sep. 30, 2012 | |
Gain Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation charge/(credit) | ' | ' | ' | ' | ($20,200,000) | $2,784,100,000 | $0 | $0 | $0 | $2,784,100,000 | $0 |
Potential additional premium to be paid to the affiliate over the fair value of agreement in case of termination | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Value of rejected offer | ' | ' | ' | 750,000,000 | ' | ' | ' | ' | ' | ' | ' |
Asserted premium payment percentage damages sought | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest penalty damages sought | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation settlement, amount | 2,227,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation settlement interest | 556,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued litigation charge | ' | ' | ' | ' | 2,763,900,000 | ' | ' | ' | 0 | ' | ' |
Starbucks Claims [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Counter claim damages sought value | ' | 62,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Kraft Claims [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Damages sought | ' | 1,900,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss contingency damages sought value | ' | 2,900,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment_Reporting_Narrative_De
Segment Reporting (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 30, 2012 | Sep. 29, 2013 | Sep. 30, 2012 |
Reclassification resulting from an immaterial error | $6.40 | $25.40 | $22.70 |
Channel Development [Member] | ' | ' | ' |
Reclassification resulting from an immaterial error | 5.5 | 21.8 | 19.2 |
All Other Segments [Member] | ' | ' | ' |
Reclassification resulting from an immaterial error | $0.90 | $3.60 | $3.50 |
Segment_Reporting_Components_O
Segment Reporting (Components Of Financial Information For Reportable Operating Segments And Other) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 30, 2012 | Sep. 29, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization expenses | $169.70 | $166.10 | $153.30 | $153.10 | $148.90 | $621.40 | $550.30 |
Income from equity investees | 51.1 | 81 | 63.4 | 52.5 | 54.5 | 251.4 | 210.7 |
Operating income/(loss) | 813.5 | -2,115.20 | 615.2 | 544.1 | 630.6 | -325.4 | 1,997.40 |
Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Total net revenues | 4,239.60 | ' | ' | ' | 3,793.20 | ' | ' |
Depreciation and amortization expenses | 141.3 | ' | ' | ' | 128.3 | ' | ' |
Income from equity investees | 51.1 | ' | ' | ' | 54.5 | ' | ' |
Operating income/(loss) | 979.1 | ' | ' | ' | 777.3 | ' | ' |
Operating Segments [Member] | Americas [Member] | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Total net revenues | 3,073 | ' | ' | ' | 2,840.70 | ' | ' |
Depreciation and amortization expenses | 112.3 | ' | ' | ' | 105.4 | ' | ' |
Income from equity investees | 0 | ' | ' | ' | 0 | ' | ' |
Operating income/(loss) | 732.1 | ' | ' | ' | 590.3 | ' | ' |
Operating Segments [Member] | EMEA [Member] | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Total net revenues | 339.5 | ' | ' | ' | 306.1 | ' | ' |
Depreciation and amortization expenses | 14.6 | ' | ' | ' | 14.2 | ' | ' |
Income from equity investees | 0.8 | ' | ' | ' | 0 | ' | ' |
Operating income/(loss) | 33.5 | ' | ' | ' | 22.3 | ' | ' |
Operating Segments [Member] | China/Asia Pacific [Member] | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Total net revenues | 266.9 | ' | ' | ' | 214.1 | ' | ' |
Depreciation and amortization expenses | 10.3 | ' | ' | ' | 7.4 | ' | ' |
Income from equity investees | 33.1 | ' | ' | ' | 34.1 | ' | ' |
Operating income/(loss) | 81.1 | ' | ' | ' | 72.1 | ' | ' |
Operating Segments [Member] | Channel Development [Member] | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Total net revenues | 401 | ' | ' | ' | 374.3 | ' | ' |
Depreciation and amortization expenses | 0.4 | ' | ' | ' | 0.3 | ' | ' |
Income from equity investees | 17.2 | ' | ' | ' | 20.4 | ' | ' |
Operating income/(loss) | 118.8 | ' | ' | ' | 96.8 | ' | ' |
Operating Segments [Member] | All Other Segments [Member] | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Total net revenues | 159.2 | ' | ' | ' | 58 | ' | ' |
Depreciation and amortization expenses | 3.7 | ' | ' | ' | 1 | ' | ' |
Income from equity investees | 0 | ' | ' | ' | 0 | ' | ' |
Operating income/(loss) | $13.60 | ' | ' | ' | ($4.20) | ' | ' |
Segment_Reporting_Reconciliati
Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 29, 2013 | Sep. 29, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 30, 2012 | Sep. 29, 2013 | Sep. 30, 2012 |
Operating income/(loss) | $813.50 | ($2,115.20) | $615.20 | $544.10 | $630.60 | ($325.40) | $1,997.40 |
Interest income and other, net | 19.8 | 72.1 | 3.5 | 50.8 | -2.9 | 123.6 | 94.4 |
Interest expense | -14.5 | -9.1 | -6.3 | -6.1 | -6.6 | -28.1 | -32.7 |
Earnings before income taxes | 818.8 | -2,052.20 | 612.4 | 588.8 | 621.1 | -229.9 | 2,059.10 |
Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' |
Operating income/(loss) | 979.1 | ' | ' | ' | 777.3 | ' | ' |
Corporate, Non-Segment [Member] | ' | ' | ' | ' | ' | ' | ' |
Operating income/(loss) | ($165.60) | ' | ' | ' | ($146.70) | ' | ' |