Starbucks 2015 Annual Report Download - page 77

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Cost Method Investments
As of September 27, 2015, we had $19 million invested in equity interests of entities that develop and operate Starbucks®
licensed stores in several global markets. We have the ability to acquire additional interests in some of these cost method
investees at certain intervals. Depending on our total percentage ownership interest and our ability to exercise significant
influence over financial and operating policies, additional investments may require a retroactive application of the equity
method of accounting. We also had a $25 million investment in the preferred stock of Square, Inc.
During the fourth quarter of fiscal 2013, we sold our 18% interest in Starbucks Coffee Argentina S.R.L. to our joint venture
partner Alsea, S.A.B. de C.V., for a total purchase price of $4.4 million. This transaction resulted in a loss of $1.0 million,
which was included in net interest income and other on our consolidated statements of earnings.
During the second quarter of fiscal 2013, we sold our 18% interest in Cafe Sirena S. de R.L. de CV (a Mexican limited liability
company), to our controlling joint venture partner, SC de Mexico, S.A. de CV, owned by Alsea, S.A.B. de C.V., for a total
purchase price of $50.3 million, which included final working capital adjustments. This transaction resulted in a gain of $35.2
million, which was included in net interest income and other on our consolidated statements of earnings.
Note 7: Supplemental Balance Sheet Information (in millions)
Property, Plant and Equipment, net
Sep 27, 2015 Sep 28, 2014
Land $ 46.6 $ 46.7
Buildings 411.5 278.1
Leasehold improvements 5,409.6 4,858.4
Store equipment 1,707.5 1,493.3
Roasting equipment 542.4 410.9
Furniture, fixtures and other 1,281.7 1,078.1
Work in progress 242.5 415.6
Property, plant and equipment, gross 9,641.8 8,581.1
Accumulated depreciation (5,553.5)(5,062.1)
Property, plant and equipment, net $ 4,088.3 $ 3,519.0
Accrued Liabilities
Sep 27, 2015 Sep 28, 2014
Accrued compensation and related costs $ 522.3 $ 437.9
Accrued occupancy costs 137.2 119.8
Accrued taxes 259.0 272.0
Accrued dividends payable 297.0 239.8
Other 545.2 444.9
Total accrued liabilities $ 1,760.7 $ 1,514.4
Note 8: Other Intangible Assets and Goodwill
Indefinite-Lived Intangible Assets
(in millions) Sep 27, 2015 Sep 28, 2014
Trade names, trademarks and patents $ 202.8 $ 197.5
Other indefinite-lived intangible assets 15.1 15.1
Total indefinite-lived intangible assets $ 217.9 $ 212.6
Additional disclosure regarding changes in our intangible assets due to acquisitions is included at Note 2, Acquisitions and
Divestitures.
Starbucks Corporation 2015 Form 10-K 73