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Derivative Financial Instruments (Tables) | 12 Months Ended
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Sep. 29, 2024
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)
| Sep 29, 2024 |  | Oct 1, 2023 |  | Oct 2, 2022 |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |
Coffee | $ | 60.1 |  |  | $ | (78.1) |  |  | $ | 153.9 |  |  | $ | 60.1 |  |  | 3
Cross-currency swaps | 0.5 |  |  | (0.6) |  |  | (1.9) |  |  | — |  |  | 2
Dairy | 2.0 |  |  | (1.8) |  |  | (2.6) |  |  | 2.0 |  |  | 5
Foreign currency - other | 11.5 |  |  | 39.6 |  |  | 55.3 |  |  | 9.5 |  |  | 30
Interest rates | (3.6) |  |  | (6.6) |  |  | (5.8) |  |  | (3.1) |  |  | 0
Net Investment Hedges: |  |  |  |  |  |  |  |  |
Cross-currency swaps | 96.5 |  |  | 87.1 |  |  | 67.3 |  |  | — |  |  | 114
Foreign currency | 16.0 |  |  | 16.0 |  |  | 16.1 |  |  | — |  |  | 0
Foreign currency debt | 135.2 |  |  | 140.2 |  |  | 125.7 |  |  | — |  |  | 0
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)
|  |  |  |  | Sep 29, 2024 |  | Oct 1, 2023 |  | Oct 2, 2022 |  | Sep 29, 2024 |  | Oct 1, 2023 |  | Oct 2, 2022 |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Coffee |  |  |  |  |  | $ | 100.8 |  |  | $ | (152.9) |  |  | $ | 76.9 |  |  | $ | (61.2) |  |  | $ | 110.5 |  |  | $ | 126.2 |  |  | Product and distribution costs
Cross-currency swaps |  |  |  |  |  | 2.7 |  |  | 4.9 |  |  | 24.8 |  |  | 1.4 |  |  | 3.1 |  |  | (6.9) |  |  | Interest expense
|  |  |  |  |  |  |  | 0.1 |  |  | 0.3 |  |  | 39.4 |  |  | Interest income and other, net
Dairy |  |  |  |  |  | 1.3 |  |  | (11.1) |  |  | 3.6 |  |  | (3.8) |  |  | (12.3) |  |  | 6.5 |  |  | Product and distribution costs
Foreign currency - other |  |  |  |  |  | 1.2 |  |  | 9.4 |  |  | 103.9 |  |  | 28.2 |  |  | 23.6 |  |  | 22.0 |  |  | Licensed stores revenues
|  |  |  |  |  |  |  | 10.0 |  |  | 6.7 |  |  | (2.3) |  |  | Product and distribution costs
|  |  |  |  |  |  |  | — |  |  | 0.2 |  |  | 13.7 |  |  | Interest income and other, net
Interest rates |  |  |  |  |  | — |  |  | 0.3 |  |  | 50.3 |  |  | (4.0) |  |  | 1.4 |  |  | (2.0) |  |  | Interest expense
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps (1) |  |  |  |  |  | 62.0 |  |  | 54.1 |  |  | 53.5 |  |  | 49.6 |  |  | 27.4 |  |  | 14.3 |  |  | Interest expense
Foreign currency debt |  |  |  |  |  | (6.3) |  |  | 19.1 |  |  | 175.5 |  |  | — |  |  | — |  |  | — |  |  |
(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
|  |  |  |  |  | Sep 29, 2024 |  | Oct 1, 2023 |  | Oct 2, 2022
Non-Designated Derivatives: |  |  |  |  |  |  |  |  |  |  |
Dairy | Interest income and other, net |  |  |  |  |  | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | 0.2 |
Diesel fuel and other commodities | Interest income and other, net |  |  |  |  |  | (1.9) |  |  | (2.0) |  |  | 3.7 |
Coffee | Interest income and other, net |  |  |  |  |  | — |  |  | (5.4) |  |  | 9.2 |
Foreign currency - other | Interest income and other, net |  |  |  |  |  | 0.1 |  |  | (3.6) |  |  | 46.8 |
Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | Interest expense |  |  |  |  |  | 9.9 |  |  | (18.7) |  |  | (65.0) |
Long-term debt (hedged item) | Interest expense |  |  |  |  |  | (22.3) |  |  | (12.3) |  |  | 73.9 |
Notional Amounts of Outstanding Derivative Contracts | Notional amounts of outstanding derivative contracts (in millions):
| Sep 29, 2024 |  | Oct 1, 2023
Coffee | $ | 154 |  |  | $ | 266 |
Cross-currency swaps | 4,213 |  |  | 1,076 |
Dairy | 65 |  |  | 71 |
Diesel fuel and other commodities | 3 |  |  | 7 |
Foreign currency - other | 920 |  |  | 1,164 |
Interest rate swaps | 350 |  |  | 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 |  | Sep 29, 2024 |  | Oct 1, 2023
Designated Derivative Instruments(1): |  |  |  |  |
Cross-currency swaps | Prepaid expenses and other current assets |  | $ | 3.9 |  |  | $ | — |
Other long-term assets |  | 177.4 |  |  | 130.1 |
Dairy | Prepaid expenses and other current assets |  | 0.8 |  |  | 0.4 |
Foreign currency - other | Prepaid expenses and other current assets |  | 1.9 |  |  | 32.0 |
Other long-term assets |  | 1.7 |  |  | 22.9 |
Interest rate swap | Prepaid expenses and other current assets |  | — |  |  | 0.4 |
Non-designated Derivative Instruments: |  |  |  |  |
Dairy | Prepaid expenses and other current assets |  | 0.3 |  |  | — |
Diesel fuel and other commodities | Prepaid expenses and other current assets |  | — |  |  | 0.7 |
Foreign currency | Prepaid expenses and other current assets |  | 1.8 |  |  | 7.5 |
|  |  | Derivative Liabilities
| Balance Sheet Location |  | Sep 29, 2024 |  | Oct 1, 2023
Designated Derivative Instruments: |  |  |  |  |
Cross-currency swaps | Accrued liabilities |  | $ | 21.7 |  |  | $ | — |
Other long-term liabilities |  | 33.3 |  |  | — |
Dairy | Accrued liabilities |  | — |  |  | 1.1 |
Foreign currency - other | Accrued liabilities |  | 4.7 |  |  | 2.0 |
Other long-term liabilities |  | 4.1 |  |  | — |
Interest rate swaps | Other long-term liabilities |  | 19.2 |  |  | 41.4 |
Non-designated Derivative Instruments: |  |  |  |  |
Diesel fuel and other commodities | Accrued liabilities |  | 0.3 |  |  | — |
Foreign currency | Accrued liabilities |  | 2.5 |  |  | 0.5 |
Other long-term liabilities |  | 0.1 |  |  | 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
| Sep 29, 2024 |  | Oct 1, 2023 |  | Sep 29, 2024 |  | Oct 1, 2023
Location on the balance sheet |  |  |  |  |  |  |
Long-term debt(1) | $ | 332.2 |  |  | $ | 1,060.0 |  |  | $ | (17.8) |  |  | $ | (40.0) |
(1) Balance as of October 1, 2023, 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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- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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