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Starbucks Corporation 2014 Form 10-K 63
Notional amounts of outstanding derivative contracts (in millions):
Sep 28, 2014 Sep 29, 2013
Foreign currency $ 542 $ 452
Coffee 45 —
Dairy 24 38
Diesel fuel 17 17
The fair values of our derivative assets and liabilities are included in Note 4, Fair Value Measurements, and additional
disclosures related to cash flow hedge gains and losses included in accumulated other comprehensive income, as well as
subsequent reclassifications to earnings, are included in Note 11, Equity.
Note 4: Fair Value Measurements
Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions):
Fair Value Measurements at Reporting Date Using
Balance at
Sep 28, 2014
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash and cash equivalents $ 1,708.4 $ 1,708.4 $ — $ —
Short-term investments:
Available-for-sale securities
Corporate debt securities 4.9 — 4.9 —
Foreign government obligations 33.7 — 33.7 —
US government treasury securities 10.9 10.9 — —
State and local government obligations 12.7 — 12.7 —
Certificates of deposit 1.0 — 1.0 —
Total available-for-sale securities 63.2 10.9 52.3 —
Trading securities 72.2 72.2 — —
Total short-term investments 135.4 83.1 52.3 —
Prepaid expenses and other current assets:
Derivative assets 28.7 0.9 27.8 —
Long-term investments:
Available-for-sale securities
Agency obligations 8.9 — 8.9 —
Corporate debt securities 130.9 — 130.9 —
Auction rate securities 13.8 — — 13.8
Foreign government obligations 17.4 — 17.4 —
US government treasury securities 94.8 94.8 — —
State and local government obligations 6.7 — 6.7 —
Mortgage and asset-backed securities 45.9 — 45.9 —
Total long-term investments 318.4 94.8 209.8 13.8
Other assets:
Derivative assets 18.0 — 18.0 —
Total $ 2,208.9 $ 1,887.2 $ 307.9 $ 13.8
Liabilities:
Accrued liabilities:
Derivative liabilities $ 2.4 $ 0.4 $ 2.0 $ —