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Derivative Financial Instruments (Tables) | 6 Months Ended
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Apr. 03, 2022
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)
| Apr 3, 2022 |  | Oct 3, 2021 |  |
Cash Flow Hedges: |  |  |  |  |  |  |
Coffee | $ | 260.6 |  |  | $ | 197.8 |  |  | $ | 244.9 |  |  | 9
Cross-currency swaps | — |  |  | 4.4 |  |  | — |  |  | 32
Dairy | 3.7 |  |  | (0.4) |  |  | 3.7 |  |  | 11
Foreign currency - other | 5.1 |  |  | 1.3 |  |  | 2.6 |  |  | 33
Interest rates | (17.7) |  |  | (44.8) |  |  | (1.1) |  |  | 127
Net Investment Hedges: |  |  |  |  |  |  |
Cross-currency swaps | 43.5 |  |  | 37.9 |  |  | — |  |  | 90
Foreign currency | 16.0 |  |  | 16.0 |  |  | — |  |  | 0
Foreign currency debt | 43.5 |  |  | (5.3) |  |  | — |  |  | 24
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 other comprehensive income (“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)
|  |  |  | Apr 3, 2022 |  | Mar 28, 2021 |  | Apr 3, 2022 |  | Mar 28, 2021 |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |
Coffee |  |  |  | $ | 24.0 |  |  | $ | 5.7 |  |  | $ | 17.8 |  |  | $ | (3.4) |  |  | Product and distribution costs
Cross-currency swaps |  |  |  | 4.9 |  |  | 13.8 |  |  | (0.8) |  |  | 0.6 |  |  | Interest expense
|  |  |  |  | 9.4 |  |  | 13.5 |  |  | Interest income and other, net
Dairy |  |  |  | 3.4 |  |  | (0.9) |  |  | 2.9 |  |  | (0.6) |  |  | Product and distribution costs
Foreign currency - other |  |  |  | 0.7 |  |  | 7.1 |  |  | 2.4 |  |  | 0.2 |  |  | Licensed stores revenue
|  |  |  |  | (0.3) |  |  | (1.9) |  |  | Product and distribution costs
Interest rates |  |  |  | 34.1 |  |  | 71.5 |  |  | (0.5) |  |  | (0.5) |  |  | Interest expense
|  |  |  |  | — |  |  | (3.6) |  |  | Interest income and other, net
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  |  |  | (2.1) |  |  | 6.1 |  |  | 3.5 |  |  | 3.4 |  |  | Interest expense
Foreign currency debt |  |  |  | 40.2 |  |  | 41.6 |  |  | — |  |  | — |  |  |
|  |  |  | Two Quarters Ended |  |
|  |  |  | Gains/(Losses) Recognized in OCI Before Reclassifications |  | Gains/(Losses) Reclassified from AOCI to Earnings |  | Location of gain/(loss)
|  |  |  | Apr 3, 2022 |  | Mar 28, 2021 |  | Apr 3, 2022 |  | Mar 28, 2021 |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |
Coffee |  |  |  | 95.5 |  |  | 17.7 |  |  | 24.3 |  |  | (2.7) |  |  | Product and distribution costs
Cross-currency swaps |  |  |  | 9.4 |  |  | 10.4 |  |  | (1.6) |  |  | 1.6 |  |  | Interest expense
|  |  |  |  | 16.3 |  |  | 8.7 |  |  | Interest income and other, net
Dairy |  |  |  | 8.0 |  |  | 1.6 |  |  | 2.5 |  |  | 2.0 |  |  | Product and distribution costs
Foreign currency - other |  |  |  | 7.6 |  |  | (18.8) |  |  | 4.5 |  |  | 0.2 |  |  | Licensed stores revenue
|  |  |  |  | (1.7) |  |  | (1.9) |  |  | Product and distribution costs
Interest rates |  |  |  | 35.3 |  |  | 94.0 |  |  | (0.9) |  |  | (1.1) |  |  | Interest expense
|  |  |  |  | — |  |  | (3.6) |  |  | Interest income and other, net
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  |  |  | 14.2 |  |  | (10.4) |  |  | 6.9 |  |  | 6.6 |  |  | Interest expense
Foreign currency debt |  |  |  | 65.4 |  |  | 27.9 |  |  | — |  |  | — |  |  |
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 |  | Quarter Ended |  | Two Quarters Ended
|  | Apr 3, 2022 |  | Mar 28, 2021 |  | Apr 3, 2022 |  | Mar 28, 2021
Non-Designated Derivatives: |  |  |  |  |  |  |  |  |
Dairy | Interest income and other, net |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |
Foreign currency - other | Interest income and other, net |  | 11.6 |  |  | (0.8) |  |  | 21.8 |  |  | (1.7) |
Coffee | Interest income and other, net |  | 6.2 |  |  | — |  |  | 9.3 |  |  | — |
Diesel fuel and other commodities | Interest income and other, net |  | 0.7 |  |  | 0.8 |  |  | 0.7 |  |  | 2.0 |
Fair Value Hedges: |  |  |  |  |  |  |  |  |
Interest rate swap | Interest expense |  | (21.3) |  |  | (1.5) |  |  | (26.1) |  |  | (1.1) |
Long-term debt (hedged item) | Interest expense |  | 24.8 |  |  | 4.8 |  |  | 33.0 |  |  | 7.7 |
Notional Amounts of Outstanding Derivative Contracts | Notional amounts of outstanding derivative contracts (in millions):
| Apr 3, 2022 |  | Oct 3, 2021
Coffee | $ | 917 |  |  | $ | 481 |
Cross-currency swaps | 773 |  |  | 806 |
Dairy | 55 |  |  | 53 |
Diesel fuel and other commodities | 24 |  |  | 10 |
Foreign currency - other | 1,105 |  |  | 1,009 |
Interest rate swaps | 1,600 |  |  | 1,250 |
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 |  | Apr 3, 2022 |  | Oct 3, 2021
Designated Derivative Instruments: |  |  |  |  |
Coffee | Prepaid expenses and other current assets |  | $ | 35.4 |  |  | $ | 130.5 |
Cross-currency swaps | Other long-term assets |  | 68.8 |  |  | 54.7 |
Dairy | Prepaid expenses and other current assets |  | 5.2 |  |  | 0.8 |
Foreign currency - other | Prepaid expenses and other current assets |  | 12.6 |  |  | 8.9 |
Other long-term assets |  | 9.1 |  |  | 6.9 |
Interest rate swaps | Other long-term assets |  | 35.7 |  |  | 22.7 |
Non-designated Derivative Instruments: |  |  |  |  |
Coffee | Prepaid expenses and other current assets |  | 2.3 |  |  | — |
Dairy | Prepaid expenses and other current assets |  | 0.9 |  |  | — |
Diesel fuel and other commodities | Prepaid expenses and other current assets |  | 1.6 |  |  | 0.1 |
Foreign currency | Prepaid expenses and other current assets |  | 6.7 |  |  | 7.3 |
|  |  | Derivative Liabilities
| Balance Sheet Location |  | Apr 3, 2022 |  | Oct 3, 2021
Designated Derivative Instruments: |  |  |  |  |
Coffee | Accrued liabilities |  | $ | 23.4 |  |  | $ | — |
Cross-currency swaps | Other long-term liabilities |  | 0.7 |  |  | 3.3 |
Dairy | Accrued liabilities |  | 1.4 |  |  | 0.9 |
Foreign currency - other | Accrued liabilities |  | 7.4 |  |  | 7.4 |
Other long-term liabilities |  | 5.0 |  |  | 3.6 |
Interest rates | Other long-term liabilities |  | 11.1 |  |  | 1.3 |
Non-designated Derivative Instruments: |  |  |  |  |
Dairy | Accrued liabilities |  | 0.2 |  |  | 0.2 |
Diesel fuel and other commodities | Accrued liabilities |  | 1.0 |  |  | — |
Foreign currency | Accrued liabilities |  | 1.6 |  |  | 0.1 |
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
| Apr 3, 2022 |  | Oct 3, 2021 |  | Apr 3, 2022 |  | Oct 3, 2021
Location on the balance sheet |  |  |  |  |  |  |
Long-term debt | $ | 1,088.6 |  |  | $ | 771.7 |  |  | $ | (11.4) |  |  | $ | 21.7 |

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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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