XML 26 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Equity (Tables)
 6 Months Ended
Mar. 29, 2015
Equity [Abstract]  
Changes In Total Equity
Changes in total equity (in millions):
 
Two Quarters Ended
 
Mar 29, 2015
 
Mar 30, 2014
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,272.0

 
$
1.7

 
$
5,273.7

 
$
4,480.2

 
$
2.1

 
$
4,482.3

Net earnings including noncontrolling interests
1,478.3

 
2.1

 
1,480.4

 
967.6

 
—

 
967.6

Translation adjustment, net of reclassifications and tax
(110.3
)
 
(31.1
)
 
(141.4
)
 
(26.1
)
 
—

 
(26.1
)
Unrealized gains/(losses), net of reclassifications and tax
(0.8
)
 
—

 
(0.8
)
 
23.4

 
—

 
23.4

Other comprehensive income/(loss)
(111.1
)
 
(31.1
)
 
(142.2
)
 
(2.7
)
 
—

 
(2.7
)
Stock-based compensation expense
105.2

 
—

 
105.2

 
92.6

 
—

 
92.6

Exercise of stock options/vesting of RSUs
104.6

 
—

 
104.6

 
90.0

 
—

 
90.0

Sale of common stock
11.3

 
—

 
11.3

 
11.0

 
—

 
11.0

Repurchase of common stock
(342.4
)
 
—

 
(342.4
)
 
(301.2
)
 
—

 
(301.2
)
Cash dividends declared
(479.9
)
 
—

 
(479.9
)
 
(392.5
)
 
—

 
(392.5
)
Noncontrolling interest resulting from acquisition
—

 
411.1

 
411.1

 
—

 
—

 
—

Purchase of noncontrolling interests
(29.3
)
 
(381.8
)
 
(411.1
)
 
—

 
—

 
—

Ending balance of total equity
$
6,008.7

 
$
2.0

 
$
6,010.7

 
$
4,945.1

 
$
2.0

 
$
4,947.1
Changes in Components Of Accumulated Other Comprehensive Income, Net Of Tax
Changes in accumulated other comprehensive income ("AOCI") by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
March 29, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.9
)
 
$
32.9

 
$
1.3

 
$
(130.3
)
 
$
(97.0
)
Net gains/(losses) recognized in OCI before reclassifications
1.7

 
9.7

 
—

 
(3.1
)
 
8.3

Net (gains)/losses reclassified from AOCI to earnings
(0.4
)
 
4.0

 
—

 
—

 
3.6

Other comprehensive income/(loss) attributable to Starbucks
1.3

 
13.7

 
—

 
(3.1
)
 
11.9

Purchase of noncontrolling interests
—

 
—

 
—

 
(31.8
)
 
(31.8
)
Net gains/(losses) in AOCI, end of period
$
0.4

 
$
46.6

 
$
1.3

 
$
(165.2
)
 
$
(116.9
)
 
 
 
 
 
 
 
 
 
 
March 30, 2014
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(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) attributable to Starbucks
0.9

 
4.6

 
(2.5
)
 
(7.4
)
 
(4.4
)
Net gains/(losses) in AOCI, end of period
$
(0.8
)
 
$
46.8

 
$
(9.2
)
 
$
27.5

 
$
64.3


Two Quarters Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
March 29, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.4
)
 
$
46.3

 
$
3.2

 
$
(23.8
)
 
$
25.3

Net gains/(losses) recognized in OCI before reclassifications
1.3

 
48.5

 
2.7

 
(124.6
)
 
(72.1
)
Net (gains)/losses reclassified from AOCI to earnings
(0.5
)
 
(48.2
)
 
(4.6
)
 
14.3

 
(39.0
)
Other comprehensive income/(loss) attributable to Starbucks
0.8

 
0.3

 
(1.9
)
 
(110.3
)
 
(111.1
)
Purchase of noncontrolling interests
—

 
—

 
—

 
(31.1
)
 
(31.1
)
Net gains/(losses) in AOCI, end of period
$
0.4

 
$
46.6

 
$
1.3

 
$
(165.2
)
 
$
(116.9
)
 
 
 
 
 
 
 
 
 
 
March 30, 2014
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(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) attributable to Starbucks
(0.3
)
 
20.0

 
3.7

 
(26.1
)
 
(2.7
)
Net gains/(losses) in AOCI, end of period
$
(0.8
)
 
$
46.8

 
$
(9.2
)
 
$
27.5

 
$
64.3
Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Mar 29, 2015
 
Mar 30, 2014
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
1.3

 
$
1.3

 
Interest expense
Cross-currency swaps
 
(10.6
)
 
—

 
Interest income and other, net
Foreign currency hedges
 
3.4

 
1.3

 
Revenues
Foreign currency/coffee hedges
 
1.3

 
(0.1
)
 
Cost of sales including occupancy costs
 
 
(4.6
)
 
2.5

 
Total before tax
 
 
0.6

 
(1.1
)
 
Tax (expense)/benefit
 
 
$
(4.0
)
 
$
1.4

 
Net of tax

Two Quarters Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Mar 29, 2015
 
Mar 30, 2014
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
2.6

 
$
2.5

 
Interest expense
Cross-currency swaps
 
52.5

 
—

 
Interest income and other, net
Foreign currency hedges
 
5.9

 
2.3

 
Revenues
Foreign currency/coffee hedges
 
1.1

 
(9.9
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)
 
7.2

 
—

 
Gain resulting from acquisition of joint venture
Translation adjustment(2)
 
 
 
 
 
 
     Starbucks Japan
 
(7.2
)
 
—

 
Gain resulting from acquisition of joint venture
      Other
 
(7.1
)
 
—

 
Interest income and other, net
 
 
55.0

 
(5.1
)
 
Total before tax
 
 
(16.5
)
 
(1.0
)
 
Tax (expense)/benefit
 
 
$
38.5

 
$
(6.1
)
 
Net of tax
(1)  
Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.
(2)  
Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.