v3.26.1
Leases
 6 Months Ended
Mar. 29, 2026
Leases [Abstract]  
Lessee, Operating Leases Leases
The components of lease costs (in millions):
Quarter EndedTwo Quarters Ended
Mar 29, 2026Mar 30, 2025Mar 29, 2026Mar 30, 2025
Operating lease costs (1) (2)
$406.9 $458.4 $898.5 $917.2 
Variable lease costs315.1 297.5 628.3 590.9 
Short-term lease costs4.6 5.3 9.4 10.8 
Total lease costs$726.6 $761.2 $1,536.2 $1,518.9 
(1)Includes immaterial amounts of sublease income and rent concessions.
(2)The decrease in fiscal 2026 was a result of Starbucks retail operations in China being classified as held for sale during the fiscal quarter, which required us to cease operating lease ROU asset amortization of the related long-lived assets.
The following table includes supplemental information (in millions):
Two Quarters Ended
Mar 29, 2026Mar 30, 2025
Cash paid related to operating lease liabilities$1,049.2 $928.8 
Operating lease liabilities arising from obtaining ROU assets (1)
630.0 1,076.6 
Mar 29, 2026Mar 30, 2025
Weighted-average remaining operating lease term (1)
8.6 years8.6 years
Weighted-average operating lease discount rate (1)
3.8 %3.6 %
(1)The fiscal year 2026 amounts exclude Starbucks retail operations in China that were classified as held for sale and the fiscal year 2025 amounts include leases obtained in the acquisition of 23.5 Degrees Topco Limited.
Finance lease assets are recorded in property, plant and equipment, net or assets held for sale, and the corresponding lease liabilities are included in accrued liabilities or liabilities held for sale on the consolidated balance sheets. These balances were not material as of March 29, 2026, and September 28, 2025. Finance lease costs were also immaterial for the quarter and two quarters ended March 29, 2026, and March 30, 2025.
Minimum future maturities of operating lease liabilities (in millions):
Fiscal Year
Total (1)
2026 (excluding the two quarters ended March 29, 2026)
$836.2 
20271,600.2 
20281,446.8 
20291,293.0 
20301,155.2 
Thereafter4,660.7 
Total lease payments10,992.1 
Less imputed interest(1,682.6)
Total$9,309.5 
(1)Balances exclude Starbucks retail operations in China that were classified as held for sale.
As of March 29, 2026, we have entered into operating leases that have not yet commenced of $678.5 million, primarily related to real estate leases. These leases will commence between fiscal year 2026 and fiscal year 2030 with lease terms ranging from 5 to 20 years. Lease exit costs associated with our restructuring efforts primarily relate to the closure of certain Starbucks company-operated stores. During the quarter and two quarters ended March 29, 2026, total lease exit costs of $3.0 million and $51.9 million, respectively, were recorded in restructuring and impairments on the consolidated statement of earnings. See Note 17, Restructuring, for further discussion.