STARBUCKS CORP
For the period ended Jun 29, 2025. Filed Jul 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2025 · Filed Jul 29, 2025
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Other Intangible Assets and Goodwill
Note 7: Other Intangible Assets and Goodwill
Indefinite-Lived Intangible Assets
| (in millions) | Jun 29, 2025 | Sep 29, 2024 |
|---|---|---|
| Trade names, trademarks and patents | $79.5 | $79.5 |
Finite-Lived Intangible Assets
| Jun 29, 2025 | Sep 29, 2024 | |||||
|---|---|---|---|---|---|---|
| (in millions) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount |
| Acquired and reacquired rights | $1,065.9 | $(983.8) | $82.1 | $995.5 | $(995.5) | $— |
| Acquired trade secrets and processes | 27.6 | (27.6) | — | 27.6 | (27.6) | — |
| Trade names, trademarks and patents | 130.2 | (122.4) | 7.8 | 130.4 | (110.0) | 20.4 |
| Licensing agreements | 13.5 | (13.2) | 0.3 | 13.4 | (12.4) | 1.0 |
| Other finite-lived intangible assets | 20.5 | (20.5) | — | 20.9 | (20.9) | — |
| Total finite-lived intangible assets | $1,257.7 | $(1,167.5) | $90.2 | $1,187.8 | $(1,166.4) | $21.4 |
Amortization expense for finite-lived intangible assets was $4.4 million and $15.8 million for the quarter and three quarters ended June 29, 2025, respectively, and $5.1 million and $15.3 million for the quarter and three quarters ended June 30, 2024, respectively.
Estimated future amortization expense as of June 29, 2025 (in millions):
| Fiscal Year | Total |
|---|---|
| 2025 (excluding the three quarters ended June 29, 2025) | $1.8 |
| 2026 | 6.2 |
| 2027 | 5.9 |
| 2028 | 5.3 |
| 2029 | 4.9 |
| Thereafter | 66.1 |
| Total estimated future amortization expense | $90.2 |
Goodwill
Changes in the carrying amount of goodwill by reportable operating segment(in millions):
| North America | International | Channel Development | Corporate and Other | Total | |
|---|---|---|---|---|---|
| Goodwill balance at September 29, 2024 | $491.5 | $2,788.5 | $34.7 | $1.0 | $3,315.7 |
| Acquisition(1) | — | 106.2 | — | — | 106.2 |
| Other(2) | (0.4) | (36.7) | — | — | (37.1) |
| Goodwill balance at June 29, 2025 | $491.1 | $2,858.0 | $34.7 | $1.0 | $3,384.8 |
(1)Additions to goodwill include the acquisition of 23.5 Degrees Topco Limited in the first quarter of fiscal 2025.
(2)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.