XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Reporting | 9 Months Ended
--- | ---
Jul. 01, 2018
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 (in millions): Quarter Ended
| Americas |  | China/ Asia Pacific |  | EMEA |  | Channel Development |  | All Other Segments |  | Segment Total
July 1, 2018 |  |  |  |  |  |  |  |  |  |  |
Total net revenues | $ | 4,230.6 |  |  | $ | 1,229.0 |  |  | $ | 275.4 |  |  | $ | 509.0 |  |  | $ | 66.3 |  |  | $ | 6,310.3 |
Depreciation and amortization expenses | 159.3 |  |  | 120.7 |  |  | 8.0 |  |  | 0.2 |  |  | 1.5 |  |  | 289.7 |
Income from equity investees | — |  |  | 23.5 |  |  | — |  |  | 47.9 |  |  | — |  |  | 71.4 |
Operating income/(loss) | 908.7 |  |  | 234.1 |  |  | 34.9 |  |  | 212.8 |  |  | (9.8 | ) |  | 1,380.7 |
July 2, 2017 |  |  |  |  |  |  |  |  |  |  |
Total net revenues | $ | 3,991.9 |  |  | $ | 840.6 |  |  | $ | 249.9 |  |  | $ | 478.7 |  |  | $ | 100.4 |  |  | $ | 5,661.5 |
Depreciation and amortization expenses | 152.8 |  |  | 51.0 |  |  | 7.7 |  |  | 0.5 |  |  | 3.0 |  |  | 215.0 |
Income from equity investees | — |  |  | 51.8 |  |  | — |  |  | 49.2 |  |  | — |  |  | 101.0 |
Operating income/(loss) | 974.8 |  |  | 223.8 |  |  | 9.8 |  |  | 210.2 |  |  | (112.3 | ) |  | 1,306.3 |
Three Quarters Ended
| Americas |  | China/ Asia Pacific |  | EMEA |  | Channel Development |  | All Other Segments |  | Segment Total
July 1, 2018 |  |  |  |  |  |  |  |  |  |  |
Total net revenues | $ | 12,500.2 |  |  | $ | 3,259.1 |  |  | $ | 825.3 |  |  | $ | 1,569.4 |  |  | $ | 261.9 |  |  | $ | 18,415.9 |
Depreciation and amortization expenses | 477.7 |  |  | 296.0 |  |  | 23.8 |  |  | 0.9 |  |  | 3.2 |  |  | 801.6 |
Income from equity investees | — |  |  | 91.0 |  |  | — |  |  | 122.5 |  |  | — |  |  | 213.5 |
Operating income/(loss) | 2,689.6 |  |  | 635.5 |  |  | 69.5 |  |  | 671.2 |  |  | (154.4 | ) |  | 3,911.4 |
July 2, 2017 |  |  |  |  |  |  |  |  |  |  |
Total net revenues | $ | 11,703.7 |  |  | $ | 2,380.3 |  |  | $ | 743.9 |  |  | $ | 1,493.6 |  |  | $ | 367.0 |  |  | $ | 16,688.5 |
Depreciation and amortization expenses | 460.6 |  |  | 148.9 |  |  | 22.9 |  |  | 1.7 |  |  | 9.3 |  |  | 643.4 |
Income from equity investees | — |  |  | 138.4 |  |  | — |  |  | 131.1 |  |  | — |  |  | 269.5 |
Operating income/(loss) | 2,759.4 |  |  | 563.2 |  |  | 81.5 |  |  | 646.5 |  |  | (127.9 | ) |  | 3,922.7 |
All Other Segments includes our Teavana business, and fiscal 2018 results reflect the strategy to close Teavana-branded retail stores announced in fiscal 2017 to focus on sales of premium Teavana TM/MC tea products at Starbucks branded stores and, to a lesser extent, consumer product channels. The existing portfolio of Teavana stores are expected to be closed during fiscal 2018. Lease exit costs associated with our restructuring efforts will be recognized concurrently with either actual store closures or upon reaching a lease termination agreement with the landlord. Total lease exit costs are expected to be approximately $134.7 million of which $1.5 million and $119.0 million were recorded within restructuring expenses on the consolidated statement of earnings in the quarter and three quarters ended July 1, 2018, respectively. During the first three quarters of 2017, we did not record any restructuring expenses. Previously recorded lease exit costs recorded within restructuring expenses for fiscal year 2017 were $15.7 million. Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):
| Quarter Ended |  | Three Quarters Ended
| Jul 1, 2018 |  | Jul 2, 2017 |  | Jul 1, 2018 |  | Jul 2, 2017
Total segment operating income | $ | 1,380.7 |  |  | $ | 1,306.3 |  |  | $ | 3,911.4 |  |  | $ | 3,922.7 |
Unallocated corporate operating expenses | (342.5 | ) |  | (262.1 | ) |  | (984.5 | ) |  | (810.6 | )
Consolidated operating income | 1,038.2 |  |  | 1,044.2 |  |  | 2,926.9 |  |  | 3,112.1 |
Gain resulting from acquisition of joint venture | 2.5 |  |  | — |  |  | 1,376.4 |  |  | — |
Net gain resulting from divestiture of certain operations | — |  |  | — |  |  | 496.3 |  |  | 9.6 |
Interest income and other, net | 31.5 |  |  | 31.7 |  |  | 155.2 |  |  | 114.1 |
Interest expense | (45.4 | ) |  | (23.5 | ) |  | (106.4 | ) |  | (70.2 | )
Earnings before income taxes | $ | 1,026.8 |  |  | $ | 1,052.4 |  |  | $ | 4,848.4 |  |  | $ | 3,165.6 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration