XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.22.1

Segment Reporting | 6 Months Ended
--- | ---
Apr. 03, 2022
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Segment information is prepared on the same basis that our interim chief executive officer, who is our chief operating decision maker, manages the segments, evaluates financial results and makes key operating decisions. Consolidated revenue mix by product type (in millions):
| Quarter Ended |  | Two Quarters Ended
| Apr 3, 2022 |  | Mar 28, 2021 |  | Apr 3, 2022 |  | Mar 28, 2021
Beverage(1) | $ | 4,599.0 |  |  | 60 | % |  | $ | 4,212.8 |  |  | 63 | % |  | $ | 9,497.4 |  |  | 60 | % |  | $ | 8,464.5 |  |  | 63 | %
Food(2) | 1,364.3 |  |  | 18 | % |  | 1,131.4 |  |  | 17 | % |  | 2,798.9 |  |  | 18 | % |  | 2,272.0 |  |  | 17 | %
Other(3) | 1,672.3 |  |  | 22 | % |  | 1,323.8 |  |  | 20 | % |  | 3,389.7 |  |  | 22 | % |  | 2,681.0 |  |  | 20 | %
Total | $ | 7,635.6 |  |  | 100 | % |  | $ | 6,668.0 |  |  | 100 | % |  | $ | 15,686.0 |  |  | 100 | % |  | $ | 13,417.5 |  |  | 100 | %
(1)Beverage represents sales within our company-operated stores. (2)Food includes sales within our company-operated stores. (3)Other primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, serveware, beverage-related ingredients and ready-to-drink beverages, among other items. The tables below present financial information for our reportable operating segments and Corporate and Other segment (in millions): Quarter Ended
| North America (1) |  | International (1) |  | Channel Development |  | Corporate and Other (1) |  | Total
April 3, 2022 |  |  |  |  |  |  |  |  |
Total net revenues | $ | 5,445.7 |  |  | $ | 1,702.4 |  |  | $ | 463.1 |  |  | $ | 24.4 |  |  | $ | 7,635.6 |
Depreciation and amortization expenses | 202.0 |  |  | 133.4 |  |  | — |  |  | 32.3 |  |  | 367.7 |
Income from equity investees | — |  |  | 0.6 |  |  | 48.5 |  |  | — |  |  | 49.1 |
Operating income/(loss) | 931.5 |  |  | 180.7 |  |  | 197.9 |  |  | (361.2) |  |  | 948.9 |
March 28, 2021 |  |  |  |  |  |  |  |  |
Total net revenues | $ | 4,638.5 |  |  | $ | 1,637.0 |  |  | $ | 369.9 |  |  | $ | 22.6 |  |  | $ | 6,668.0 |
Depreciation and amortization expenses | 186.0 |  |  | 143.4 |  |  | 0.3 |  |  | 37.0 |  |  | 366.7 |
Income from equity investees | — |  |  | 26.8 |  |  | 50.3 |  |  | — |  |  | 77.1 |
Operating income/(loss) | 896.4 |  |  | 258.1 |  |  | 172.6 |  |  | (339.5) |  |  | 987.6 |
Two Quarters Ended |  |  |  |  |  |  |  |  |
| North America |  | International |  | Channel Development |  | Corporate and Other |  | Total
April 3, 2022 |  |  |  |  |  |  |  |  |
Total net revenues | $ | 11,178.0 |  |  | $ | 3,578.4 |  |  | $ | 880.1 |  |  | $ | 49.5 |  |  | $ | 15,686.0 |
Depreciation and amortization expenses | 402.1 |  |  | 266.5 |  |  | — |  |  | 65.2 |  |  | 733.8 |
Income from equity investees | — |  |  | 1.3 |  |  | 88.1 |  |  | — |  |  | 89.4 |
Operating income/(loss) | 2,014.6 |  |  | 480.3 |  |  | 381.1 |  |  | (749.3) |  |  | 2,126.7 |
March 28, 2021 |  |  |  |  |  |  |  |  |
Total net revenues | $ | 9,314.2 |  |  | $ | 3,319.0 |  |  | $ | 741.2 |  |  | $ | 43.1 |  |  | $ | 13,417.5 |
Depreciation and amortization expenses | 374.9 |  |  | 283.4 |  |  | 0.6 |  |  | 73.7 |  |  | 732.6 |
Income from equity investees | — |  |  | 53.0 |  |  | 106.7 |  |  | — |  |  | 159.7 |
Operating income/(loss) | 1,699.3 |  |  | 541.0 |  |  | 353.3 |  |  | (692.4) |  |  | 1,901.2 |
(1)North America and International total net revenues and operating income and Corporate and Other operating loss for the quarter and two quarters ended March 28, 2021, have been restated to conform with current period presentation.

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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration