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Derivative Financial Instruments (Tables) | 12 Months Ended
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Sep. 27, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Gains and Losses on Derivative Contracts Designated as Hedging Instruments Included in AOCI and Expected to be Reclassified into Earnings Within 12 months, Net of Tax | Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
| Net Gains/(Losses) Included in AOCI |  | Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months |  | Outstanding Contract/Debt Remaining Maturity (Months)
| Sep 27, 2020 |  | Sep 29, 2019 |  | Sep 30, 2018 |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |
Coffee | $ | (2.5) |  |  | $ | (1.0) |  |  | $ | (0.2) |  |  | $ | (3.2) |  |  | 15
Cross-currency swaps | 5.2 |  |  | (1.4) |  |  | (12.6) |  |  | — |  |  | 50
Dairy | 0.5 |  |  | — |  |  | — |  |  | 0.5 |  |  | 9
Foreign currency - other | 5.3 |  |  | 12.9 |  |  | 5.8 |  |  | 4.6 |  |  | 36
Interest rates | (90.6) |  |  | 0.5 |  |  | 24.7 |  |  | (2.9) |  |  | 145
Net Investment Hedges: |  |  |  |  |  |  |  |  |
Cross-currency swaps | 32.6 |  |  | — |  |  | — |  |  | — |  |  | 108
Foreign currency | 16.0 |  |  | 16.0 |  |  | 16.0 |  |  | — |  |  | 0
Foreign currency debt | (37.1) |  |  | (26.1) |  |  | 3.6 |  |  | — |  |  | 42
Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings | Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):
|  |  |  |  |  | Year Ended |  |
|  |  |  | Gains/(Losses) Recognized in OCI Before Reclassifications |  | Gains/(Losses) Reclassified from AOCI to Earnings |  | Location of gain/(loss)
|  |  |  |  | Sep 27, 2020 |  | Sep 29, 2019 |  | Sep 30, 2018 |  | Sep 27, 2020 |  | Sep 29, 2019 |  | Sep 30, 2018 |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Coffee |  |  |  |  |  | $ | (1.2) |  |  | $ | (1.2) |  |  | $ | (0.3) |  |  | $ | 0.5 |  |  | $ | (0.3) |  |  | $ | (7.4) |  |  | Product and distribution costs
Cross-currency swaps |  |  |  |  |  | 4.4 |  |  | (5.9) |  |  | (6.1) |  |  | 2.3 |  |  | 0.1 |  |  | 0.3 |  |  | Interest expense
|  |  |  |  |  |  |  | (6.1) |  |  | (19.8) |  |  | 1.9 |  |  | Interest income and other, net
Dairy |  |  |  |  |  | 3.0 |  |  | — |  |  | — |  |  | 4.0 |  |  | — |  |  | — |  |  | Product and distribution costs
|  |  |  |  |  |  |  | (1.7) |  |  | — |  |  | — |  |  | Interest income and other, net(1)
Foreign currency - other |  |  |  |  |  | (6.4) |  |  | 20.8 |  |  | 16.7 |  |  | 5.5 |  |  | 7.0 |  |  | (0.3) |  |  | Licensed stores revenues
|  |  |  |  |  |  |  | (8.7) |  |  | 4.4 |  |  | (3.3) |  |  | Product and distribution costs
|  |  |  |  |  |  |  | 6.1 |  |  | — |  |  | — |  |  | Interest income and other, net(1)
Interest rates |  |  |  |  |  | (126.1) |  |  | (27.8) |  |  | 14.1 |  |  | — |  |  | 4.7 |  |  | 4.9 |  |  | Interest expense
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  |  |  |  |  | 56.8 |  |  | — |  |  | — |  |  | 13.3 |  |  | — |  |  | — |  |  | Interest expense
Foreign currency |  |  |  |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | — |  |  | — |  |  |
Foreign currency debt |  |  |  |  |  | (18.1) |  |  | (39.8) |  |  | 7.9 |  |  | — |  |  | — |  |  | — |  |  |
Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings | Pre-tax gains and losses on non-designated derivatives and designated fair value hedging instruments and the related fair value hedged item recognized in earnings (in millions):
|  |  |  |  |  |  | Gains/(Losses) Recognized in Earnings
| Location of gain/(loss) recognized in earnings |  |  |  | Year Ended
|  |  |  |  |  | Sep 27, 2020 |  | Sep 29, 2019 |  | Sep 30, 2018
Non-Designated Derivatives: |  |  |  |  |  |  |  |  |  |  |
Dairy | Interest income and other, net |  |  |  |  |  | $ | — |  |  | $ | (1.9) |  |  | $ | (2.4) |
Diesel fuel and other commodities | Interest income and other, net |  |  |  |  |  | (8.8) |  |  | (5.9) |  |  | 3.7 |
Foreign currency - other | Interest income and other, net |  |  |  |  |  | 0.3 |  |  | (8.1) |  |  | 4.6 |
Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | Interest expense |  |  |  |  |  | 28.7 |  |  | 54.7 |  |  | (33.7) |
Long-term debt (hedged item) | Interest expense |  |  |  |  |  | (23.8) |  |  | (50.7) |  |  | 33.7 |
Notional Amounts of Outstanding Derivative Contracts | Notional amounts of outstanding derivative contracts (in millions):
| Sep 27, 2020 |  | Sep 29, 2019
Coffee | $ | 63 |  |  | $ | 52 |
Cross-currency swaps | 870 |  |  | 341 |
Dairy | 61 |  |  | 1 |
Diesel fuel and other commodities | 5 |  |  | 17 |
Foreign currency - other | 1,140 |  |  | 1,125 |
Interest rate swaps | 1,750 |  |  | 1,500 |
Fair Value of Outstanding Derivative Contracts |
|  |  | Derivative Assets
| Balance Sheet Location |  | Sep 27, 2020 |  | Sep 29, 2019
Designated Derivative Instruments: |  |  |  |  |
Coffee | Prepaid expenses and other current assets |  | $ | 2.6 |  |  | $ | — |
Cross-currency swaps | Other long-term assets |  | 37.7 |  |  | 0.2 |
Dairy | Prepaid expenses and other current assets |  | 2.1 |  |  | — |
Foreign currency - other | Prepaid expenses and other current assets |  | 8.6 |  |  | 11.4 |
Other long-term assets |  | 3.8 |  |  | 7.8 |
Interest rates | Other long-term assets |  | — |  |  | 0.1 |
Interest rate swap | Other long-term assets |  | 45.8 |  |  | 18.2 |
Non-designated Derivative Instruments: |  |  |  |  |
Diesel fuel and other commodities | Prepaid expenses and other current assets |  | — |  |  | 0.2 |
Foreign currency | Prepaid expenses and other current assets |  | 2.3 |  |  | 1.0 |
|  |  | Derivative Liabilities
| Balance Sheet Location |  | Sep 27, 2020 |  | Sep 29, 2019
Designated Derivative Instruments: |  |  |  |  |
Coffee | Accrued liabilities |  | $ | 1.4 |  |  | $ | 1.0 |
Other long-term liabilities |  | 0.1 |  |  | 0.1 |
Cross-currency swaps | Other long-term liabilities |  | 7.3 |  |  | 9.7 |
Dairy | Accrued liabilities |  | 1.4 |  |  | — |
Foreign currency - other | Accrued liabilities |  | 1.6 |  |  | 0.6 |
Other long-term liabilities |  | 2.6 |  |  | 0.1 |
Interest rates | Other long-term liabilities |  | 69.3 |  |  | 2.6 |
Non-designated Derivative Instruments: |  |  |  |  |
Diesel fuel and other commodities | Accrued liabilities |  | 1.7 |  |  | 1.1 |
Foreign currency | Accrued liabilities |  | 1.2 |  |  | 3.0 |
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following amounts were recorded on the consolidated balance sheets related to fixed-to-floating interest rate swaps designated in fair value hedging relationships:
| Carrying amount of hedged item |  | Cumulative amount of fair value hedging adjustment included in the carrying amount
| Sep 27, 2020 |  | Sep 29, 2019 |  | Sep 27, 2020 |  | Sep 29, 2019
Location on the balance sheet |  |  |  |  |  |  |
Long-term debt | $ | 785.6 |  |  | $ | 761.8 |  |  | $ | 35.6 |  |  | $ | 11.8 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 + Details
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