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Equity
6 Months Ended
Mar. 30, 2014
Equity [Abstract]  
Equity
Equity
Changes in total equity (in millions):
 
Two Quarters Ended
 
Mar 30, 2014
 
Mar 31, 2013
Beginning balance of total equity
$
4,482.3

 
$
5,114.5

Net earnings including noncontrolling interests
967.6

 
823.1

Other comprehensive income/(loss)
(2.7
)
 
(40.0
)
Stock-based compensation expense
92.6

 
71.9

Exercise of stock options/vesting of RSUs
90.0

 
205.2

Sale of common stock
11.0

 
10.2

Repurchase of common stock
(301.2
)
 
(544.1
)
Cash dividends declared
(392.5
)
 
(313.3
)
Ending balance of total equity
$
4,947.1

 
$
5,327.5


Changes in accumulated other comprehensive income ("AOCI") by component, for the quarter and two quarters ended March 30, 2014, net of tax:
Quarter Ended
(in millions)
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
Net gains/(losses) in AOCI at December 29, 2013
$
(1.7
)
 
$
42.2

 
$
(6.7
)
 
$
34.9

 
$
68.7

Net gains/(losses) recognized in OCI before reclassifications
0.7

 
6.0

 
(2.5
)
 
(7.4
)
 
(3.2
)
Net (gains)/losses reclassified from AOCI to earnings
0.2

 
(1.4
)
 

 

 
(1.2
)
Other comprehensive income/(loss)
0.9

 
4.6

 
(2.5
)
 
(7.4
)
 
(4.4
)
Net gains/(losses) in AOCI at March 30, 2014
$
(0.8
)
 
$
46.8

 
$
(9.2
)
 
$
27.5

 
$
64.3


Two Quarters Ended
(in millions)
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
Net gains/(losses) in AOCI at September 29, 2013
$
(0.5
)
 
$
26.8

 
$
(12.9
)
 
$
53.6

 
$
67.0

Net gains/(losses) recognized in OCI before reclassifications
(0.5
)
 
13.9

 
3.7

 
(26.1
)
 
(9.0
)
Net (gains)/losses reclassified from AOCI to earnings
0.2

 
6.1

 

 

 
6.3

Other comprehensive income/(loss)
(0.3
)
 
20.0

 
3.7

 
(26.1
)
 
(2.7
)
Net gains/(losses) in AOCI at March 30, 2014
$
(0.8
)
 
$
46.8

 
$
(9.2
)
 
$
27.5

 
$
64.3



Impact of reclassifications from AOCI on the consolidated statements of earnings related to cash flow hedges for the quarter and two quarters ended March 30, 2014:
Quarter Ended
AOCI
Components
 
Amounts Reclassified
from AOCI
(in millions)
 
Affected Line Item in
the Statements of Earnings
Gains/(losses) on cash flow hedges
 
 
 
 
Interest rate hedges
 
$
1.3

 
Interest expense
Foreign currency hedges
 
1.3

 
Revenue
Foreign currency/coffee hedges
 
(0.1
)
 
Cost of sales including occupancy costs
 
 
2.5

 
Total before tax
 
 
(1.1
)
 
Tax (expense)/benefit
 
 
$
1.4

 
Net of tax
Two Quarters Ended
AOCI
Components
 
Amounts Reclassified
from AOCI
(in millions)
 
Affected Line Item in
the Statements of Earnings
Gains/(losses) on cash flow hedges
 
 
 
 
Interest rate hedges
 
$
2.5

 
Interest expense
Foreign currency hedges
 
2.3

 
Revenue
Foreign currency / coffee hedges
 
(9.9
)
 
Cost of sales including occupancy costs
 
 
(5.1
)
 
Total before tax
 
 
(1.0
)
 
Tax (expense)/benefit
 
 
$
(6.1
)
 
Net of tax


In addition to 1.2 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of March 30, 2014.
We repurchased 4.1 million shares of common stock at a total cost of $301.2 million, and 10.8 million shares at a total cost of $544.1 million for the two quarters ended March 30, 2014 and March 31, 2013, respectively. As of March 30, 2014, 22.3 million shares remained available for repurchase under current authorizations.

During the second quarter of fiscal 2014, our Board of Directors declared a quarterly cash dividend to shareholders of $0.26 per share to be paid on May 23, 2014 to shareholders of record as of the close of business on May 8, 2014.