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Derivative Financial Instruments (Tables)

6 Months Ended

Mar. 28, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 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)
			Mar 28, 2021						Sep 27, 2020
Cash Flow Hedges:
Coffee			$	15.3					$	(2.5)					$	9.5					12
Cross-currency swaps			5.3						5.2						—						44
Dairy			0.2						0.5						0.2						5
Foreign currency - other			(9.5)						5.3						(4.9)						34
Interest rates			(17.0)						(90.6)						(0.7)						139
Net Investment Hedges:
Cross-currency swaps			19.9						32.6						—						102
Foreign currency			16.0						16.0						—						0
Foreign currency debt			(16.3)						(37.1)						—						36

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):

						Quarter Ended
						Gains/(Losses) Recognized in OCI Before Reclassifications												Gains/(Losses) Reclassified from AOCI to Earnings												Location of gain/(loss)
												Mar 28, 2021						Mar 29, 2020						Mar 28, 2021									Mar 29, 2020
Cash Flow Hedges:
Coffee												$	5.7					$	(12.1)					$	(3.4)					$	—					Product and distribution costs
Cross-currency swaps												13.8						2.9						0.6						(0.4)						Interest expense
																								13.5						0.2						Interest income and other, net
Dairy												(0.9)						(4.9)						(0.6)						0.7						Product and distribution costs
																								—						(0.6)						Interest income and other, net(1)
Foreign currency - other												7.1						26.8						0.2						0.9						Licensed stores revenues
																								(1.9)						(1.0)						Product and distribution costs
																								—						2.0						Interest income and other, net(1)
Interest rates												71.5						(140.6)						(0.5)						0.5						Interest expense
																								(3.6)						—						Interest income and other, net
Net Investment Hedges:
Cross-currency swaps												6.1						58.0						3.4						3.9						Interest expense
Foreign currency debt												41.6						(0.4)						—						—
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the quarter ended March 29, 2020.
												Two Quarters Ended
												Gains/(Losses) Recognized in OCI Before Reclassifications												Gains/(Losses) Reclassified from AOCI to Earnings												Location of gain/(loss)
												Mar 28, 2021						Mar 29, 2020						Mar 28, 2021						Mar 29, 2020
Cash Flow Hedges:
Coffee												17.7						(1.1)						(2.7)						—						Product and distribution costs
Cross-currency swaps												10.4						9.1						1.6						(0.6)						Interest expense
																								8.7						5.8						Interest income and other, net
Dairy												1.6						(5.0)						2.0						0.7						Product and distribution costs
																								—						(0.6)						Interest income and other, net(1)
Foreign currency - other												(18.8)						22.1						0.2						2.6						Licensed stores revenues
																								(1.9)						(1.3)						Product and distribution costs
																								—						2.0						Interest income and other, net(1)
Interest rates												94.0						(120.6)						(1.1)						1.3						Interest expense
																								(3.6)						—						Interest income and other, net
Net Investment Hedges:
Cross-currency swaps												(10.4)						68.7						6.6						7.2						Interest expense
Foreign currency debt												27.9						12.6						—						—
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the two quarters ended March 29, 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						Quarter Ended												Two Quarters Ended
									Mar 28, 2021						Mar 29, 2020						Mar 28, 2021						Mar 29, 2020
Non-Designated Derivatives:
Diesel fuel and other commodities			Interest income and other, net						$	0.8					$	(8.9)					$	2.0					$	(8.0)
Foreign currency - other			Interest income and other, net						(0.8)						4.9						(1.7)						8.3
Fair Value Hedges:
Interest rate swap			Interest expense						(1.5)						35.2						(1.1)						24.3
Long-term debt (hedged item)			Interest expense						4.8						(27.5)						7.7						(23.3)

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

			Mar 28, 2021						Sep 27, 2020
Coffee			$	210					$	63
Cross-currency swaps			838						870
Dairy			18						61
Diesel fuel and other commodities			12						5
Foreign currency - other			1,183						1,140
Interest rate swap			1,750						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						Mar 28, 2021						Sep 27, 2020
Designated Derivative Instruments:
Coffee			Prepaid expenses and other current assets						$	12.9					$	2.6
Cross-currency swaps			Other long-term assets						28.6						37.7
Dairy			Prepaid expenses and other current assets						0.6						2.1
Foreign currency - other			Prepaid expenses and other current assets						6.4						8.6
			Other long-term assets						4.3						3.8
Interest rates			Other long-term assets						24.7						—
Interest rate swap			Other long-term assets						38.5						45.8
Non-designated Derivative Instruments:
Diesel fuel and other commodities			Prepaid expenses and other current assets						1.4						—
Foreign currency			Prepaid expenses and other current assets						0.7						2.3
									Derivative Liabilities
			Balance Sheet Location						Mar 28, 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						4.7						7.3
Dairy			Accrued liabilities						0.4						1.4
Foreign currency - other			Accrued liabilities						11.2						1.6
			Other long-term liabilities						8.9						2.6
Interest rates			Other long-term liabilities						—						69.3
Non-designated Derivative Instruments:
Diesel fuel and other commodities			Accrued liabilities						0.1						1.7
Foreign currency			Accrued liabilities						1.6						1.2

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

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
			Mar 28, 2021						Sep 27, 2020						Mar 28, 2021						Sep 27, 2020
Location on the balance sheet
Long-term debt			$	777.9					$	785.6					$	27.9					$	35.6

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