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Derivative Financial Instruments (Tables) | 12 Months Ended
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Oct. 03, 2021
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)
| Oct 3, 2021 |  | Sep 27, 2020 |  | Sep 29, 2019 |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |
Coffee | $ | 197.8 |  |  | $ | (2.5) |  |  | $ | (1.0) |  |  | $ | 117.4 |  |  | 8
Cross-currency swaps | 4.4 |  |  | 5.2 |  |  | (1.4) |  |  | — |  |  | 38
Dairy | (0.4) |  |  | 0.5 |  |  | — |  |  | (0.4) |  |  | 11
Foreign currency - other | 1.3 |  |  | 5.3 |  |  | 12.9 |  |  | (0.6) |  |  | 34
Interest rates | (44.8) |  |  | (90.6) |  |  | 0.5 |  |  | (1.6) |  |  | 133
Net Investment Hedges: |  |  |  |  |  |  |  |  |
Cross-currency swaps | 37.9 |  |  | 32.6 |  |  | — |  |  | — |  |  | 96
Foreign currency | 16.0 |  |  | 16.0 |  |  | 16.0 |  |  | — |  |  | 0
Foreign currency debt | (5.3) |  |  | (37.1) |  |  | (26.1) |  |  | — |  |  | 30
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)
|  |  |  |  | Oct 3, 2021 |  | Sep 27, 2020 |  | Sep 29, 2019 |  | Oct 3, 2021 |  | Sep 27, 2020 |  | Sep 29, 2019 |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Coffee |  |  |  |  |  | $ | 223.5 |  |  | $ | (1.2) |  |  | $ | (1.2) |  |  | $ | (3.5) |  |  | $ | 0.5 |  |  | $ | (0.3) |  |  | Product and distribution costs
Cross-currency swaps |  |  |  |  |  | 13.7 |  |  | 4.4 |  |  | (5.9) |  |  | 1.9 |  |  | 2.3 |  |  | 0.1 |  |  | Interest expense
|  |  |  |  |  |  |  | 12.7 |  |  | (6.1) |  |  | (19.8) |  |  | Interest income and other, net
Dairy |  |  |  |  |  | 0.5 |  |  | 3.0 |  |  | — |  |  | 1.7 |  |  | 4.0 |  |  | — |  |  | Product and distribution costs
|  |  |  |  |  |  |  | — |  |  | (1.7) |  |  | — |  |  | Interest income and other, net(1)
Foreign currency - other |  |  |  |  |  | (10.0) |  |  | (6.4) |  |  | 20.8 |  |  | 1.8 |  |  | 5.5 |  |  | 7.0 |  |  | Licensed stores revenues
|  |  |  |  |  |  |  | (7.3) |  |  | (8.7) |  |  | 4.4 |  |  | Product and distribution costs
|  |  |  |  |  |  |  | — |  |  | 6.1 |  |  | — |  |  | Interest income and other, net(1)
Interest rates |  |  |  |  |  | 56.1 |  |  | (126.1) |  |  | (27.8) |  |  | (1.8) |  |  | — |  |  | 4.7 |  |  | Interest expense
|  |  |  |  |  |  |  |  |  |  | (3.6) |  |  | — |  |  | — |  |  | Interest income and other, net
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  |  |  |  |  | 20.5 |  |  | 56.8 |  |  | — |  |  | 13.4 |  |  | 13.3 |  |  | — |  |  | Interest expense
Foreign currency debt |  |  |  |  |  | 42.6 |  |  | (18.1) |  |  | (39.8) |  |  | — |  |  | — |  |  | — |  |  |
(1)As a result of the global COVID-19 impacts, we discontinued cash flow hedges during the year ended September 27, 2020.
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
|  |  |  |  |  | Oct 3, 2021 |  | Sep 27, 2020 |  | Sep 29, 2019
Non-Designated Derivatives: |  |  |  |  |  |  |  |  |  |  |
Dairy | Interest income and other, net |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | (1.9) |
Diesel fuel and other commodities | Interest income and other, net |  |  |  |  |  | 2.6 |  |  | (8.8) |  |  | (5.9) |
Foreign currency - other | Interest income and other, net |  |  |  |  |  | 7.5 |  |  | 0.3 |  |  | (8.1) |
Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | Interest expense |  |  |  |  |  | (0.5) |  |  | 28.7 |  |  | 54.7 |
Long-term debt (hedged item) | Interest expense |  |  |  |  |  | 14.0 |  |  | (23.8) |  |  | (50.7) |
Notional Amounts of Outstanding Derivative Contracts | Notional amounts of outstanding derivative contracts (in millions):
| Oct 3, 2021 |  | Sep 27, 2020
Coffee | $ | 481 |  |  | $ | 63 |
Cross-currency swaps | 806 |  |  | 870 |
Dairy | 53 |  |  | 61 |
Diesel fuel and other commodities | 10 |  |  | 5 |
Foreign currency - other | 1,009 |  |  | 1,140 |
Interest rate swaps | 1,250 |  |  | 1,750 |
Fair Value of Outstanding Derivative Contracts | Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:
|  |  | Derivative Assets
| Balance Sheet Location |  | Oct 3, 2021 |  | Sep 27, 2020
Designated Derivative Instruments: |  |  |  |  |
Coffee | Prepaid expenses and other current assets |  | $ | 130.5 |  |  | $ | 2.6 |
Cross-currency swaps | Other long-term assets |  | 54.7 |  |  | 37.7 |
Dairy | Prepaid expenses and other current assets |  | 0.8 |  |  | 2.1 |
Foreign currency - other | Prepaid expenses and other current assets |  | 8.9 |  |  | 8.6 |
Other long-term assets |  | 6.9 |  |  | 3.8 |
Interest rate swap | Other long-term assets |  | 22.7 |  |  | 45.8 |
Non-designated Derivative Instruments: |  |  |  |  |
Diesel fuel and other commodities | Prepaid expenses and other current assets |  | 0.1 |  |  | — |
Foreign currency | Prepaid expenses and other current assets |  | 7.3 |  |  | 2.3 |
|  |  | Derivative Liabilities
| Balance Sheet Location |  | Oct 3, 2021 |  | Sep 27, 2020
Designated Derivative Instruments: |  |  |  |  |
Coffee | Accrued liabilities |  | $ | — |  |  | $ | 1.4 |
Other long-term liabilities |  | — |  |  | 0.1 |
Cross-currency swaps | Other long-term liabilities |  | 3.3 |  |  | 7.3 |
Dairy | Accrued liabilities |  | 0.9 |  |  | 1.4 |
Foreign currency - other | Accrued liabilities |  | 7.4 |  |  | 1.6 |
Other long-term liabilities |  | 3.6 |  |  | 2.6 |
Interest rates | Other long-term liabilities |  | 1.3 |  |  | 69.3 |
Non-designated Derivative Instruments: |  |  |  |  |
Dairy | Accrued liabilities |  | 0.2 |  |  | — |
Diesel fuel and other commodities | Accrued liabilities |  | — |  |  | 1.7 |
Foreign currency | Accrued liabilities |  | 0.1 |  |  | 1.2 |
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
| Oct 3, 2021 |  | Sep 27, 2020 |  | Oct 3, 2021 |  | Sep 27, 2020
Location on the balance sheet |  |  |  |  |  |  |
Long-term debt | $ | 771.7 |  |  | $ | 785.6 |  |  | $ | 21.7 |  |  | $ | 35.6 |

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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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&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=125515794&loc=SL5579240-113959 + Details
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