Other long-term assets Other intangible assets Goodwill 417.7 415.9 516.3 520.4 1,575.4 1,719.6 $14,329.5 $12,416.3 Total assets LIABILITIES AND EQUITY Current liabilities: Accounts payable Accrued liabilities $ $ 730.6 684.2 1,999.1 1,755.3 Insurance reserves 246.0 224.8 Stored value card liability Current portion of long-term debt Total current liabilities 1,171.2 983.8 400.0 3,648.1 2,347.5 4,546.9 3,202.2 Long-term debt Other long-term liabilities Total liabilities 689.7 600.9 8,438.8 6,596.5 Shareholders' equity: Common stock ($0.001 par value)-authorized, 2,400.0 shares; issued and outstanding, 1,460.5 and 1,485.1 shares, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity 1.5 1.5 41.1 41.1 5,949.8 (108.4) 5,974.8 (199.4) 5,884.0 5,818.0 6.7 1.8 5,890.7 5,819.8 $12,416.3 Total liabilities and equity $14,329.5 STARBUCKS'S 2016 LEASE FOOTNOTE EXCERPTS The company mainly uses operating leases. Rental expernse under operating lease agreements (in millions). ct. 2, 2016 Sept. 27, Sept. 28, Fiscal Year Ended 2015 2014 Minimum rentals $1,092.5 $1,026.3 111.5 $907.4 Contingent rentals 130.7 66.8 $1,223.2 $1,137.8 $974.2 Total Minimum future rental payments under noncancelable operating leases as of October 2, 2016 (in millions) Fiscal Year Ending $1,125.1 1,006.2 2017 2018 2019 896.4 821.3 2020 2021 740.5 Thereafter 2,695.5 Total minimum lease payments $7,285.0 3. Assume a discount rate of 6 percent and that the amount in the "thereafter" row in Starbucks's footnote disclosure is equally spread over the years 2022-2026. What is the present value of Starbucks's operating leases at the end of fiscal 2016? (Enter your answer in millions rounded to 2 decimal places.) Present value million 4. What is the impact on Starbucks's 2016 debt-to-equity ratio of adding the present value of its operating leases to the liability section of its 2016 balance sheet? (Round your answers to 2 decimal places.) Debt-to-Equity Ratio Before adjustment After adjustment