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Derivative Financial Instruments (Tables) | 12 Months Ended
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Oct. 01, 2023
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 1, 2023 |  | Oct 2, 2022 |  | Oct 3, 2021 |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |
Coffee | $ | (78.1) |  |  | $ | 153.9 |  |  | $ | 197.8 |  |  | $ | (70.8) |  |  | 6
Cross-currency swaps | (0.6) |  |  | (1.9) |  |  | 4.4 |  |  | — |  |  | 14
Dairy | (1.8) |  |  | (2.6) |  |  | (0.4) |  |  | (1.8) |  |  | 6
Foreign currency - other | 39.6 |  |  | 55.3 |  |  | 1.3 |  |  | 25.9 |  |  | 34
Interest rates | (6.6) |  |  | (5.8) |  |  | (44.8) |  |  | (3.1) |  |  | 0
Net Investment Hedges: |  |  |  |  |  |  |  |  |
Cross-currency swaps | 87.1 |  |  | 67.3 |  |  | 37.9 |  |  | — |  |  | 102
Foreign currency | 16.0 |  |  | 16.1 |  |  | 16.0 |  |  | — |  |  | 0
Foreign currency debt | 140.2 |  |  | 125.7 |  |  | (5.3) |  |  | — |  |  | 6
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 1, 2023 |  | Oct 2, 2022 |  | Oct 3, 2021 |  | Oct 1, 2023 |  | Oct 2, 2022 |  | Oct 3, 2021 |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Coffee |  |  |  |  |  | $ | (152.9) |  |  | $ | 76.9 |  |  | $ | 223.5 |  |  | $ | 110.5 |  |  | $ | 126.2 |  |  | $ | (3.5) |  |  | Product and distribution costs
Cross-currency swaps |  |  |  |  |  | 4.9 |  |  | 24.8 |  |  | 13.7 |  |  | 3.1 |  |  | (6.9) |  |  | 1.9 |  |  | Interest expense
|  |  |  |  |  |  |  | 0.3 |  |  | 39.4 |  |  | 12.7 |  |  | Interest income and other, net
Dairy |  |  |  |  |  | (11.1) |  |  | 3.6 |  |  | 0.5 |  |  | (12.3) |  |  | 6.5 |  |  | 1.7 |  |  | Product and distribution costs
Foreign currency - other |  |  |  |  |  | 9.4 |  |  | 103.9 |  |  | (10.0) |  |  | 23.6 |  |  | 22.0 |  |  | 1.8 |  |  | Licensed stores revenues
|  |  |  |  |  |  |  | 6.7 |  |  | (2.3) |  |  | (7.3) |  |  | Product and distribution costs
|  |  |  |  |  |  |  | 0.2 |  |  | 13.7 |  |  | — |  |  | Interest income and other, net
Interest rates |  |  |  |  |  | 0.3 |  |  | 50.3 |  |  | 56.1 |  |  | 1.4 |  |  | (2.0) |  |  | (1.8) |  |  | Interest expense
|  |  |  |  | — |  |  | — |  |  | (3.6) |  |  | Interest income and other, net
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps (1) |  |  |  |  |  | 54.1 |  |  | 53.5 |  |  | 20.5 |  |  | 27.4 |  |  | 14.3 |  |  | 13.4 |  |  | Interest expense
Foreign currency debt |  |  |  |  |  | 19.1 |  |  | 175.5 |  |  | 42.6 |  |  | — |  |  | — |  |  | — |  |  |
(1) Gains and losses recognized in earnings relate to components excluded from the assessment of effectiveness.
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 1, 2023 |  | Oct 2, 2022 |  | Oct 3, 2021
Non-Designated Derivatives: |  |  |  |  |  |  |  |  |  |  |
Dairy | Interest income and other, net |  |  |  |  |  | $ | (0.1) |  |  | $ | 0.2 |  |  | $ | — |
Diesel fuel and other commodities | Interest income and other, net |  |  |  |  |  | (2.0) |  |  | 3.7 |  |  | 2.6 |
Coffee | Interest income and other, net |  |  |  |  |  | (5.4) |  |  | 9.2 |  |  | — |
Foreign currency - other | Interest income and other, net |  |  |  |  |  | (3.6) |  |  | 46.8 |  |  | 7.5 |
Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | Interest expense |  |  |  |  |  | (18.7) |  |  | (65.0) |  |  | (0.5) |
Long-term debt (hedged item) | Interest expense |  |  |  |  |  | (12.3) |  |  | 73.9 |  |  | 14.0 |
Notional Amounts of Outstanding Derivative Contracts | Notional amounts of outstanding derivative contracts (in millions):
| Oct 1, 2023 |  | Oct 2, 2022
Coffee | $ | 266 |  |  | $ | 649 |
Cross-currency swaps | 1,076 |  |  | 741 |
Dairy | 71 |  |  | 94 |
Diesel fuel and other commodities | 7 |  |  | 33 |
Foreign currency - other | 1,164 |  |  | 1,269 |
Interest rate swaps | 1,100 |  |  | 1,100 |
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 1, 2023 |  | Oct 2, 2022
Designated Derivative Instruments: |  |  |  |  |
Cross-currency swaps | Other long-term assets |  | $ | 130.1 |  |  | $ | 115.4 |
Dairy | Prepaid expenses and other current assets |  | 0.4 |  |  | 0.5 |
Foreign currency - other | Prepaid expenses and other current assets |  | 32.0 |  |  | 39.9 |
Other long-term assets |  | 22.9 |  |  | 33.5 |
Interest rate swap | Prepaid expenses and other current assets |  | 0.4 |  |  | — |
Non-designated Derivative Instruments: |  |  |  |  |
Diesel fuel and other commodities | Prepaid expenses and other current assets |  | 0.7 |  |  | 0.4 |
Foreign currency | Prepaid expenses and other current assets |  | 7.5 |  |  | 34.3 |
Other long-term assets |  | — |  |  | 7.3 |
|  |  | Derivative Liabilities
| Balance Sheet Location |  | Oct 1, 2023 |  | Oct 2, 2022
Designated Derivative Instruments: |  |  |  |  |
Dairy | Accrued liabilities |  | $ | 1.1 |  |  | $ | 2.9 |
Foreign currency - other | Accrued liabilities |  | 2.0 |  |  | 0.3 |
Interest rate swaps | Accrued liabilities |  | — |  |  | 12.0 |
Other long-term liabilities |  | 41.4 |  |  | 34.0 |
Non-designated Derivative Instruments: |  |  |  |  |
Foreign currency | Accrued liabilities |  | 0.5 |  |  | 5.8 |
Other long-term liabilities |  | 1.8 |  |  | — |
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 (in millions):
| Carrying amount of hedged item |  | Cumulative amount of fair value hedging adjustment included in the carrying amount
| Oct 1, 2023 |  | Oct 2, 2022 |  | Oct 1, 2023 |  | Oct 2, 2022
Location on the balance sheet |  |  |  |  |  |  |
Long-term debt(1) | $ | 1,060 |  |  | $ | 1,047.7 |  |  | $ | (40.0) |  |  | $ | (52.3) |
(1) Includes $750 million in Senior Notes that matured on October 1, 2023 but remained in current portion of long-term debt on the consolidated balance sheet as the debt repayment was not made until the first day of fiscal 2024.

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