v3.26.1
Leases
 9 Months Ended
Jun. 28, 2026
Leases [Abstract]  
Lessee, Operating Leases Leases
The components of lease costs (in millions):
Quarter EndedThree Quarters Ended
Jun 28, 2026Jun 29, 2025Jun 28, 2026Jun 29, 2025
Operating lease costs (1)
$509.4 $472.7 $1,407.9 $1,389.9 
Variable lease costs270.7 304.8 899.0 895.7 
Short-term lease costs4.7 5.3 14.1 16.1 
Total lease costs$784.8 $782.8 $2,321.0 $2,301.7 
(1)Includes immaterial amounts of sublease income and rent concessions.
The following table includes supplemental information (in millions):
Three Quarters Ended
Jun 28, 2026Jun 29, 2025
Cash paid related to operating lease liabilities$1,494.8 $1,411.9 
Operating lease liabilities arising from obtaining ROU assets (1)
882.8 1,489.0 
Jun 28, 2026Jun 29, 2025
Weighted-average remaining operating lease term (1)
8.5 years8.6 years
Weighted-average operating lease discount rate (1)
3.9 %3.6 %
(1)The fiscal 2026 amounts exclude Starbucks retail operations in China that were divested during the third quarter of fiscal 2026, and the fiscal 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 with the corresponding lease liabilities included in accrued liabilities on the consolidated balance sheets. These balances were not material as of June 28, 2026, and September 28, 2025. Finance lease costs were also immaterial for the quarter and three quarters ended June 28, 2026, and June 29, 2025.
Minimum future maturities of operating lease liabilities (in millions):
Fiscal Year
Total (1)
2026 (excluding the three quarters ended June 28, 2026)
$418.1 
20271,635.1 
20281,482.5 
20291,326.0 
20301,189.3 
Thereafter4,782.6 
Total lease payments10,833.6 
Less imputed interest(1,678.1)
Total$9,155.5 
(1)Balances exclude Starbucks retail operations in China that were divested in the third quarter of fiscal 2026.
As of June 28, 2026, we have entered into operating leases that have not yet commenced of $583.4 million, primarily related to real estate leases. These leases will commence between fiscal year 2026 and fiscal year 2030 with lease terms ranging from 10 to 20 years.
During the quarter and three quarters ended June 28, 2026, total lease costs of $112.9 million and $164.8 million, respectively, were recorded in restructuring and impairments on the consolidated statement of earnings. Lease costs associated with our restructuring efforts primarily relate to the impairment of ROU assets and the closure of certain Starbucks company-operated stores. See Note 17, Restructuring and Impairments, for further discussion.