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Equity
9 Months Ended
Jun. 29, 2014
Equity [Abstract]  
Equity
Equity
Changes in total equity (in millions):
 
Three Quarters Ended
 
Jun 29, 2014
 
Jun 30, 2013
Beginning balance of total equity
$
4,482.3

 
$
5,114.5

Net earnings including noncontrolling interests
1,480.2

 
1,240.9

Other comprehensive income/(loss)
3.9

 
(8.2
)
Stock-based compensation expense
144.0

 
107.0

Exercise of stock options/vesting of RSUs
126.3

 
293.6

Sale of common stock
16.5

 
15.1

Repurchase of common stock
(595.2
)
 
(544.1
)
Cash dividends declared
(587.2
)
 
(471.2
)
Ending balance of total equity
$
5,070.8

 
$
5,747.6


Changes in accumulated other comprehensive income ("AOCI") by component, for the quarter and three quarters ended June 29, 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 March 30, 2014
$
(0.8
)
 
$
46.8

 
$
(9.2
)
 
$
27.5

 
$
64.3

Net gains/(losses) recognized in OCI before reclassifications
1.1

 
(10.2
)
 
(0.4
)
 
17.6

 
8.1

Net (gains)/losses reclassified from AOCI to earnings

 
(1.5
)
 

 

 
(1.5
)
Other comprehensive income/(loss)
1.1

 
(11.7
)
 
(0.4
)
 
17.6

 
6.6

Net gains/(losses) in AOCI at June 29, 2014
$
0.3

 
$
35.1

 
$
(9.6
)
 
$
45.1

 
$
70.9


Three 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
0.6

 
3.7

 
3.3

 
(8.5
)
 
(0.9
)
Net (gains)/losses reclassified from AOCI to earnings
0.2

 
4.6

 

 

 
4.8

Other comprehensive income/(loss)
0.8

 
8.3

 
3.3

 
(8.5
)
 
3.9

Net gains/(losses) in AOCI at June 29, 2014
$
0.3

 
$
35.1

 
$
(9.6
)
 
$
45.1

 
$
70.9



Impact of reclassifications from AOCI on the consolidated statements of earnings related to cash flow hedges for the quarter and three quarters ended June 29, 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
 
0.9

 
Revenue
Foreign currency/coffee hedges
 
0.4

 
Cost of sales including occupancy costs
 
 
2.6

 
Total before tax
 
 
(1.1
)
 
Tax (expense)/benefit
 
 
$
1.5

 
Net of tax
Three 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
 
$
3.8

 
Interest expense
Foreign currency hedges
 
3.2

 
Revenue
Foreign currency / coffee hedges
 
(9.5
)
 
Cost of sales including occupancy costs
 
 
(2.5
)
 
Total before tax
 
 
(2.1
)
 
Tax (expense)/benefit
 
 
$
(4.6
)
 
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 June 29, 2014.
We repurchased 8.2 million shares of common stock at a total cost of $595.2 million, and 10.8 million shares at a total cost of $544.1 million for the three quarters ended June 29, 2014 and June 30, 2013, respectively. As of June 29, 2014, 18.1 million shares remained available for repurchase under current authorizations.

During the third quarter of fiscal 2014, our Board of Directors declared a quarterly cash dividend to shareholders of $0.26 per share to be paid on August 22, 2014 to shareholders of record as of the close of business on August 7, 2014.