the decrease was primarily driven by lapping the prior year gains from the acquisition of our east china joint venture and the sale of our tazo brand , partially offset by the gain from the sale of our thailand retail operations during fiscal 2019. capital expenditures were $ 1.8 billion in fiscal 2019 compared to $ 2.0 billion in fiscal 2018 . we returned $ 12.0 billion to our shareholders in fiscal 2019 through share repurchases and dividends compared to $ 8.9 billion in fiscal 2018 . acquisitions and divestitures see note 2 , acquisitions , divestitures and strategic alliance , to the consolidated financial statements included in item 8 of part ii of this 10-k for information regarding acquisitions and divestitures . 23 results of operations — fiscal 2019 compared to fiscal 2018 consolidated results of operations ( in millions ) : revenues replace_table_token_9_th total net revenues increased $ 1.8 billion , or 7 % , over fiscal 2018 , primarily driven by higher revenues from company-operated stores ( $ 1.9 billion ) . the growth in company-operated store revenues was driven by incremental revenues from 947 net new starbucks ® company-operated store openings over the past 12 months ( $ 957 million ) and a 5 % increase in comparable store sales ( $ 879 million ) , attributable to a 3 % increase in average ticket and a 2 % increase in comparable transactions . these increases were partially offset by unfavorable foreign currency translation ( $ 189 million ) and the conversion of our thailand , france , and the netherlands retail businesses to fully licensed markets during fiscal 2019 ( $ 161 million ) . licensed store revenue growth also contributed to the increase in total net revenues ( $ 223 million ) , primarily due to higher product and equipment sales to and royalty revenues from our licensees ( $ 228 million ) , largely due to the opening of 992 net new starbucks ® licensed stores over the past 12 months , and the conversion of our thailand , france , and the netherlands retail businesses to fully licensed markets ( $ 35 million ) , partially offset by unfavorable foreign currency translation ( $ 41 million ) . other revenues decreased $ 288 million , primarily driven by the licensing of our cpg and foodservice businesses to nestlé . partially offsetting this decrease was growth in product revenue , primarily premium single-serve products , in connection with the global coffee alliance . operating expenses replace_table_token_10_th cost of sales as a percentage of total net revenues increased 10 basis points , primarily due to licensing our cpg and foodservice businesses to nestlé ( approximately 80 basis points ) , partially offset by cost savings initiatives ( approximately 70 basis points ) and leverage on cost of sales , largely driven by price increases . store operating expenses as a percentage of total net revenues increased 130 basis points . store operating expenses as a percentage of company-operated store revenues increased 60 basis points , primarily driven by investments in our store partners that are funded by savings from the tax act and growth in wages and benefits ( approximately 120 basis points ) , largely in the americas segment , partially offset by sales leverage driven by price increases and the impact of the adoption of new revenue recognition guidance on stored value card breakage . 24 other operating expenses decreased $ 184 million , primarily due to cost savings related to licensing our cpg and foodservice businesses to nestlé ( $ 176 million ) and lapping prior year costs associated with the establishment of the global coffee alliance ( $ 34 million ) , including business taxes associated with the up-front prepaid royalty from nestlé and headcount-related costs , primarily relating to employee bonus and retention costs . depreciation and amortization expenses as a percentage of total net revenues increased 20 basis points , primarily due to the impact of our ownership change in east china ( approximately 20 basis points ) . general and administrative expenses increased $ 116 million , primarily driven by higher performance-based compensation ( $ 89 million ) and the 2019 starbucks leadership experience in chicago , heavily concentrated in our fiscal fourth quarter ( $ 52 million ) . restructuring and impairment expenses decreased $ 89 million , primarily due to lower restructuring and impairment costs related to teavana tm/mc retail store closures ( $ 128 million ) and lower impairments related to our switzerland retail market ( $ 27 million ) , partially offset by higher exit costs associated with the closure of certain starbucks ® company-operated stores ( $ 32 million ) and severance costs ( $ 25 million ) . income from equity investees decreased $ 3 million , primarily due to the impact of our ownership changes in east china . this decrease was partially offset by improved comparable store sales from our joint venture in south korea and higher income from our north american coffee partnership joint venture . the combination of these changes resulted in an overall decrease in operating margin of 30 basis points in fiscal 2019 when compared to fiscal 2018 . other income and expenses replace_table_token_11_th gain resulting from acquisition of joint venture in fiscal 2018 was due to remeasuring our preexisting 50 % ownership interest in our east china joint venture to fair value upon acquisition . story_separator_special_tag eleven months of fiscal 2018 results reflect our cpg and foodservice businesses as company-owned and one month as licensed operations . our collaborative business relationships for our global ready-to-drink products and the associated revenues remain unchanged due to the global coffee alliance . revenues channel development net revenues for fiscal 2018 increased $ 41 million , or 2 % , over fiscal 2017. revenue growth was driven by an increase in sales of our packaged coffee and premium single-serve products ( $ 115 million ) , lapping a prior year revenue deduction adjustment ( $ 13 million ) and favorable foreign currency translation ( $ 10 million ) . these increases were partially offset by the absence of revenue from the sale of our tazo brand in the first quarter of fiscal 2018 ( $ 56 million ) and licensing our cpg and foodservice businesses to nestlé late in the fourth quarter of fiscal 2018 ( $ 50 million ) . operating margin channel development operating income for fiscal 2018 decreased 4 % to $ 927.1 million , compared to $ 967.0 million in fiscal 2017. operating margin decreased 250 basis points to 40.4 % , primarily driven by business taxes associated with the up-front payment received from nestlé ( approximately 120 basis points ) , global coffee alliance headcount-related costs , including employee bonus and retention costs ( approximately 80 basis points ) , and the impact of our ownership changes , including licensing our cpg and foodservice businesses to nestlé and the sale of our tazo brand . 35 corporate and other replace_table_token_22_th corporate and other primarily consists of our unallocated corporate expenses , as well as evolution fresh and the legacy operations of the teavana retail business , which substantially ceased during fiscal 2018. unallocated corporate expenses include corporate administrative functions that support the operating segments but are not specifically attributable to or managed by any segment and are not included in the reported financial results of the operating segments . financial condition , liquidity and capital resources story_separator_special_tag on february 15 , 2019. interest on the 2028 and 2048 notes is payable semi-annually on may 15 and november 15 , commencing on november 15 , 2018. in february 2018 , we issued long-term debt in an underwritten registered public offering , which consisted of $ 1.0 billion of 5-year 3.100 % senior notes ( the “ 2023 notes ” ) due march 2023 and $ 600 million of 10-year 3.500 % senior notes ( the “ 2028 notes ” ) due march 2028. interest on the 2023 and 2028 notes is payable semi-annually on march 1 and september 1 , commencing on september 1 , 2018. in november 2017 , we issued long-term debt in an underwritten registered public offering , which consisted of $ 500 million of 3-year 2.200 % senior notes ( the “ 2020 notes ” ) due november 2020 and $ 500 million of 30-year 3.750 % senior notes ( the “ 2047 notes ” ) due december 2047. interest on the 2020 notes is payable semi-annually on may 22 and november 22 , commencing on may 22 , 2018 and interest on the 2047 notes is payable semi-annually on june 1 and december 1 , commencing on june 1 , 2018. we will use the net proceeds from the offering of the 2049 notes to enhance our sustainability programs . we will use the net proceeds from these remaining offerings for general corporate purposes , including the repurchases of our common stock under our ongoing share repurchase program , business expansion and payment of dividends . see note 9 , debt , to the consolidated financial statements included in item 8 of part ii of this 10-k for details of the components of our long-term debt . the indentures under which all of our senior notes were issued require us to maintain compliance with certain covenants , including limits on future liens and sale and leaseback transactions on certain material properties . as of september 29 , 2019 , we were in compliance with all applicable covenants . use of cash we expect to use our available cash and investments , including , but not limited to , additional potential future borrowings under the credit facilities , commercial paper program and the issuance of debt , to invest in our core businesses , including capital expenditures , new product innovations , related marketing support and partner and digital investments , return cash to shareholders through common stock cash dividend payments and share repurchases , as well as other new business opportunities related to our core and other developing businesses . further , we may use our available cash resources to make proportionate capital contributions to our investees . we may also seek strategic acquisitions to leverage existing capabilities and further build our business in support of our growth agenda . acquisitions may include increasing our ownership interests in our investees . any decisions to increase such ownership interests will be driven by valuation and fit with our ownership strategy . we believe that future cash flows generated from operations and existing cash and investments both domestically and internationally combined with our ability to leverage our balance sheet through the issuance of debt will be sufficient to finance capital requirements for our core businesses as well as any shareholder distributions for the foreseeable future . significant new joint ventures , acquisitions and or other new business opportunities may require additional outside funding . we have borrowed funds and continue to believe we have the ability to do so at reasonable interest rates ; however , additional borrowings would result in increased interest expense in the future . in this regard , we may incur additional debt , within targeted levels , as part of our plans to fund our capital programs , including cash returns to shareholders through dividends and share repurchases . we regularly review our cash positions and our determination

cash and investment overview our cash and investments were $ 3.0 billion and $ 9.2 billion as of september 29 , 2019 and september 30 , 2018 , respectively , with the decrease driven by the usage of the up-front prepaid royalty associated with the global coffee alliance primarily for share repurchases . we actively manage our cash and investments in order to internally fund operating needs , make scheduled interest and principal payments on our borrowings , make acquisitions , and return cash to shareholders through common stock cash dividend payments and share repurchases . our investment portfolio primarily includes highly liquid available-for-sale securities , including government treasury securities ( domestic and foreign ) and corporate debt securities . as of september 29 , 2019 , approximately $ 1.7 billion of cash was held in foreign subsidiaries . borrowing capacity our $ 2.0 billion unsecured 5-year revolving credit facility ( the “ 2018 credit facility ” ) and our $ 1.0 billion unsecured 364-day credit facility ( the “ 364-day credit facility ” ) are available for working capital , capital expenditures and other corporate purposes , including acquisitions and share repurchases . the 2018 credit facility , of which $ 150 million may be used for issuances of letters of credit , is currently set to mature on october 25 , 2022 . we have the option , subject to negotiation and agreement with the related banks , to increase the maximum commitment amount by an additional $ 500 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash and investment overview our cash and investments were $ 3.0 billion and $ 9.2 billion as of september 29 , 2019 and september 30 , 2018 , respectively , with the decrease driven by the usage of the up-front prepaid royalty associated with the global coffee alliance primarily for share repurchases . we actively manage our cash and investments in order to internally fund operating needs , make scheduled interest and principal payments on our borrowings , make acquisitions , and return cash to shareholders through common stock cash dividend payments and share repurchases . our investment portfolio primarily includes highly liquid available-for-sale securities , including government treasury securities ( domestic and foreign ) and corporate debt securities . as of september 29 , 2019 , approximately $ 1.7 billion of cash was held in foreign subsidiaries . borrowing capacity our $ 2.0 billion unsecured 5-year revolving credit facility ( the “ 2018 credit facility ” ) and our $ 1.0 billion unsecured 364-day credit facility ( the “ 364-day credit facility ” ) are available for working capital , capital expenditures and other corporate purposes , including acquisitions and share repurchases . the 2018 credit facility , of which $ 150 million may be used for issuances of letters of credit , is currently set to mature on october 25 , 2022 . we have the option , subject to negotiation and agreement with the related banks , to increase the maximum commitment amount by an additional $ 500 million .
```    
 Suspicious Activity Report : the decrease was primarily driven by lapping the prior year gains from the acquisition of our east china joint venture and the sale of our tazo brand , partially offset by the gain from the sale of our thailand retail operations during fiscal 2019. capital expenditures were $ 1.8 billion in fiscal 2019 compared to $ 2.0 billion in fiscal 2018 . we returned $ 12.0 billion to our shareholders in fiscal 2019 through share repurchases and dividends compared to $ 8.9 billion in fiscal 2018 . acquisitions and divestitures see note 2 , acquisitions , divestitures and strategic alliance , to the consolidated financial statements included in item 8 of part ii of this 10-k for information regarding acquisitions and divestitures . 23 results of operations — fiscal 2019 compared to fiscal 2018 consolidated results of operations ( in millions ) : revenues replace_table_token_9_th total net revenues increased $ 1.8 billion , or 7 % , over fiscal 2018 , primarily driven by higher revenues from company-operated stores ( $ 1.9 billion ) . the growth in company-operated store revenues was driven by incremental revenues from 947 net new starbucks ® company-operated store openings over the past 12 months ( $ 957 million ) and a 5 % increase in comparable store sales ( $ 879 million ) , attributable to a 3 % increase in average ticket and a 2 % increase in comparable transactions . these increases were partially offset by unfavorable foreign currency translation ( $ 189 million ) and the conversion of our thailand , france , and the netherlands retail businesses to fully licensed markets during fiscal 2019 ( $ 161 million ) . licensed store revenue growth also contributed to the increase in total net revenues ( $ 223 million ) , primarily due to higher product and equipment sales to and royalty revenues from our licensees ( $ 228 million ) , largely due to the opening of 992 net new starbucks ® licensed stores over the past 12 months , and the conversion of our thailand , france , and the netherlands retail businesses to fully licensed markets ( $ 35 million ) , partially offset by unfavorable foreign currency translation ( $ 41 million ) . other revenues decreased $ 288 million , primarily driven by the licensing of our cpg and foodservice businesses to nestlé . partially offsetting this decrease was growth in product revenue , primarily premium single-serve products , in connection with the global coffee alliance . operating expenses replace_table_token_10_th cost of sales as a percentage of total net revenues increased 10 basis points , primarily due to licensing our cpg and foodservice businesses to nestlé ( approximately 80 basis points ) , partially offset by cost savings initiatives ( approximately 70 basis points ) and leverage on cost of sales , largely driven by price increases . store operating expenses as a percentage of total net revenues increased 130 basis points . store operating expenses as a percentage of company-operated store revenues increased 60 basis points , primarily driven by investments in our store partners that are funded by savings from the tax act and growth in wages and benefits ( approximately 120 basis points ) , largely in the americas segment , partially offset by sales leverage driven by price increases and the impact of the adoption of new revenue recognition guidance on stored value card breakage . 24 other operating expenses decreased $ 184 million , primarily due to cost savings related to licensing our cpg and foodservice businesses to nestlé ( $ 176 million ) and lapping prior year costs associated with the establishment of the global coffee alliance ( $ 34 million ) , including business taxes associated with the up-front prepaid royalty from nestlé and headcount-related costs , primarily relating to employee bonus and retention costs . depreciation and amortization expenses as a percentage of total net revenues increased 20 basis points , primarily due to the impact of our ownership change in east china ( approximately 20 basis points ) . general and administrative expenses increased $ 116 million , primarily driven by higher performance-based compensation ( $ 89 million ) and the 2019 starbucks leadership experience in chicago , heavily concentrated in our fiscal fourth quarter ( $ 52 million ) . restructuring and impairment expenses decreased $ 89 million , primarily due to lower restructuring and impairment costs related to teavana tm/mc retail store closures ( $ 128 million ) and lower impairments related to our switzerland retail market ( $ 27 million ) , partially offset by higher exit costs associated with the closure of certain starbucks ® company-operated stores ( $ 32 million ) and severance costs ( $ 25 million ) . income from equity investees decreased $ 3 million , primarily due to the impact of our ownership changes in east china . this decrease was partially offset by improved comparable store sales from our joint venture in south korea and higher income from our north american coffee partnership joint venture . the combination of these changes resulted in an overall decrease in operating margin of 30 basis points in fiscal 2019 when compared to fiscal 2018 . other income and expenses replace_table_token_11_th gain resulting from acquisition of joint venture in fiscal 2018 was due to remeasuring our preexisting 50 % ownership interest in our east china joint venture to fair value upon acquisition . story_separator_special_tag eleven months of fiscal 2018 results reflect our cpg and foodservice businesses as company-owned and one month as licensed operations . our collaborative business relationships for our global ready-to-drink products and the associated revenues remain unchanged due to the global coffee alliance . revenues channel development net revenues for fiscal 2018 increased $ 41 million , or 2 % , over fiscal 2017. revenue growth was driven by an increase in sales of our packaged coffee and premium single-serve products ( $ 115 million ) , lapping a prior year revenue deduction adjustment ( $ 13 million ) and favorable foreign currency translation ( $ 10 million ) . these increases were partially offset by the absence of revenue from the sale of our tazo brand in the first quarter of fiscal 2018 ( $ 56 million ) and licensing our cpg and foodservice businesses to nestlé late in the fourth quarter of fiscal 2018 ( $ 50 million ) . operating margin channel development operating income for fiscal 2018 decreased 4 % to $ 927.1 million , compared to $ 967.0 million in fiscal 2017. operating margin decreased 250 basis points to 40.4 % , primarily driven by business taxes associated with the up-front payment received from nestlé ( approximately 120 basis points ) , global coffee alliance headcount-related costs , including employee bonus and retention costs ( approximately 80 basis points ) , and the impact of our ownership changes , including licensing our cpg and foodservice businesses to nestlé and the sale of our tazo brand . 35 corporate and other replace_table_token_22_th corporate and other primarily consists of our unallocated corporate expenses , as well as evolution fresh and the legacy operations of the teavana retail business , which substantially ceased during fiscal 2018. unallocated corporate expenses include corporate administrative functions that support the operating segments but are not specifically attributable to or managed by any segment and are not included in the reported financial results of the operating segments . financial condition , liquidity and capital resources story_separator_special_tag on february 15 , 2019. interest on the 2028 and 2048 notes is payable semi-annually on may 15 and november 15 , commencing on november 15 , 2018. in february 2018 , we issued long-term debt in an underwritten registered public offering , which consisted of $ 1.0 billion of 5-year 3.100 % senior notes ( the “ 2023 notes ” ) due march 2023 and $ 600 million of 10-year 3.500 % senior notes ( the “ 2028 notes ” ) due march 2028. interest on the 2023 and 2028 notes is payable semi-annually on march 1 and september 1 , commencing on september 1 , 2018. in november 2017 , we issued long-term debt in an underwritten registered public offering , which consisted of $ 500 million of 3-year 2.200 % senior notes ( the “ 2020 notes ” ) due november 2020 and $ 500 million of 30-year 3.750 % senior notes ( the “ 2047 notes ” ) due december 2047. interest on the 2020 notes is payable semi-annually on may 22 and november 22 , commencing on may 22 , 2018 and interest on the 2047 notes is payable semi-annually on june 1 and december 1 , commencing on june 1 , 2018. we will use the net proceeds from the offering of the 2049 notes to enhance our sustainability programs . we will use the net proceeds from these remaining offerings for general corporate purposes , including the repurchases of our common stock under our ongoing share repurchase program , business expansion and payment of dividends . see note 9 , debt , to the consolidated financial statements included in item 8 of part ii of this 10-k for details of the components of our long-term debt . the indentures under which all of our senior notes were issued require us to maintain compliance with certain covenants , including limits on future liens and sale and leaseback transactions on certain material properties . as of september 29 , 2019 , we were in compliance with all applicable covenants . use of cash we expect to use our available cash and investments , including , but not limited to , additional potential future borrowings under the credit facilities , commercial paper program and the issuance of debt , to invest in our core businesses , including capital expenditures , new product innovations , related marketing support and partner and digital investments , return cash to shareholders through common stock cash dividend payments and share repurchases , as well as other new business opportunities related to our core and other developing businesses . further , we may use our available cash resources to make proportionate capital contributions to our investees . we may also seek strategic acquisitions to leverage existing capabilities and further build our business in support of our growth agenda . acquisitions may include increasing our ownership interests in our investees . any decisions to increase such ownership interests will be driven by valuation and fit with our ownership strategy . we believe that future cash flows generated from operations and existing cash and investments both domestically and internationally combined with our ability to leverage our balance sheet through the issuance of debt will be sufficient to finance capital requirements for our core businesses as well as any shareholder distributions for the foreseeable future . significant new joint ventures , acquisitions and or other new business opportunities may require additional outside funding . we have borrowed funds and continue to believe we have the ability to do so at reasonable interest rates ; however , additional borrowings would result in increased interest expense in the future . in this regard , we may incur additional debt , within targeted levels , as part of our plans to fund our capital programs , including cash returns to shareholders through dividends and share repurchases . we regularly review our cash positions and our determination

