Analysis of Debt

Starbucks Corp., balance sheet: debt

US$ in thousands

	Oct 2, 2022	Oct 3, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018	Oct 1, 2017
Current portion of long-term debt	1,749,000)	998,900)	1,249,900)	—)	349,900)	—)
Long-term debt, excluding current portion	13,119,900)	13,616,900)	14,659,600)	11,167,000)	9,090,200)	3,932,600)
Total debt (carrying amount)	14,868,900)	14,615,800)	15,909,500)	11,167,000)	9,440,100)	3,932,600)

Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Starbucks Corp. total debt decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

	Oct 2, 2022
Selected Financial Data (US$ in thousands)
Commercial paper program	175,000)
Japanese Yen-denominated credit facilities	—)
Long-term debt, including current portion	13,052,000)
Total debt (fair value)	13,227,000)
Financial Ratio
Debt, fair value to carrying amount ratio	0.89

Weighted-average effective interest rate on debt: 3.30%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.11%	996,500)	30,961)
2.86%	744,800)	21,294)
3.14%	497,300)	15,630)
0.46%	584,700)	2,701)
3.72%	1,209,600)	45,009)
2.51%	458,300)	11,508)
2.06%	437,900)	9,012)
3.53%	554,800)	19,579)
3.96%	704,700)	27,892)
3.84%	900,300)	34,572)
3.08%	607,700)	18,741)
2.58%	1,017,900)	26,282)
3.16%	827,100)	26,095)
4.35%	281,500)	12,240)
3.77%	369,600)	13,915)
4.50%	824,600)	37,140)
4.45%	817,800)	36,368)
3.36%	342,000)	11,498)
3.53%	874,900)	30,866)
Total	13,052,000)	431,304)
3.30%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 431,304 ÷ 13,052,000 = 3.30%

Starbucks Corp. (NASDAQ:SBUX)