XML 39 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Equity (Tables)
 6 Months Ended
Mar. 27, 2016
Equity [Abstract]  
Changes In Total Equity
Changes in total equity (in millions):
 
Two Quarters Ended
 
Mar 27, 2016
 
Mar 29, 2015
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,818.0

 
$
1.8

 
$
5,819.8

 
$
5,272.0

 
$
1.7

 
$
5,273.7

Net earnings including noncontrolling interests
1,262.6

 
—

 
1,262.6

 
1,478.3

 
2.1

 
1,480.4

Translation adjustment, net of reclassifications and tax
36.6

 
—

 
36.6

 
(110.3
)
 
(31.1
)
 
(141.4
)
Unrealized gains/(losses), net of reclassifications and tax
(26.4
)
 
—

 
(26.4
)
 
(0.8
)
 
—

 
(0.8
)
Other comprehensive income/(loss)
10.2

 
—

 
10.2

 
(111.1
)
 
(31.1
)
 
(142.2
)
Stock-based compensation expense
109.5

 
—

 
109.5

 
105.2

 
—

 
105.2

Exercise of stock options/vesting of RSUs
59.7

 
—

 
59.7

 
104.6

 
—

 
104.6

Sale of common stock
6.9

 
—

 
6.9

 
11.3

 
—

 
11.3

Repurchase of common stock
(1,584.5
)
 
—

 
(1,584.5
)
 
(342.4
)
 
—

 
(342.4
)
Cash dividends declared
(587.8
)
 
—

 
(587.8
)
 
(479.9
)
 
—

 
(479.9
)
Noncontrolling interest resulting from acquisition
—

 
—

 
—

 
—

 
411.1

 
411.1

Purchase of noncontrolling interests
—

 
—

 
—

 
(29.3
)
 
(381.8
)
 
(411.1
)
Ending balance of total equity
$
5,094.6

 
$
1.8

 
$
5,096.4

 
$
6,008.7

 
$
2.0

 
$
6,010.7
Changes in Components Of Accumulated Other Comprehensive Income, Net Of Tax
Changes in AOCI by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
March 27, 2016
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
0.8

 
$
23.4

 
$
1.3

 
$
(250.6
)
 
$
(225.1
)
Net gains/(losses) recognized in OCI before reclassifications
2.4

 
(50.7
)
 
—

 
61.0

 
12.7

Net (gains)/losses reclassified from AOCI to earnings
(0.3
)
 
23.5

 
—

 
—

 
23.2

Other comprehensive income/(loss) attributable to Starbucks
2.1

 
(27.2
)
 
—

 
61.0

 
35.9

Net gains/(losses) in AOCI, end of period
$
2.9

 
$
(3.8
)
 
$
1.3

 
$
(189.6
)
 
$
(189.2
)
 
 
 
 
 
 
 
 
 
 
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
)

Two Quarters Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
March 27, 2016
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.1
)
 
$
25.6

 
$
1.3

 
$
(226.2
)
 
$
(199.4
)
Net gains/(losses) recognized in OCI before reclassifications
3.0

 
(47.6
)
 
—

 
36.6

 
(8.0
)
Net (gains)/losses reclassified from AOCI to earnings
—

 
18.2

 
—

 
—

 
18.2

Other comprehensive income/(loss) attributable to Starbucks
3.0

 
(29.4
)
 
—

 
36.6

 
10.2

Net gains/(losses) in AOCI, end of period
$
2.9

 
$
(3.8
)
 
$
1.3

 
$
(189.6
)
 
$
(189.2
)
 
 
 
 
 
 
 
 
 
 
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
)
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 27, 2016
 
Mar 29, 2015
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
1.3

 
$
1.3

 
Interest expense
Cross-currency swaps
 
(36.4
)
 
(10.6
)
 
Interest income and other, net
Foreign currency hedges
 
2.3

 
3.4

 
Revenues
Foreign currency/coffee hedges
 
5.0

 
1.3

 
Cost of sales including occupancy costs
 
 
(27.8
)
 
(4.6
)
 
Total before tax
 
 
4.3

 
0.6

 
Tax (expense)/benefit
 
 
$
(23.5
)
 
$
(4.0
)
 
Net of tax
Two Quarters Ended
 
 
 
 
 
 
 
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Mar 27, 2016
 
Mar 29, 2015
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
2.8

 
$
2.6

 
Interest expense
Cross-currency swaps
 
(38.2
)
 
52.5

 
Interest income and other, net
Foreign currency hedges
 
5.4

 
5.9

 
Revenues
Foreign currency/coffee hedges
 
10.3

 
1.1

 
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
 
 
(19.7
)
 
55.0

 
Total before tax
 
 
1.5

 
(16.5
)
 
Tax (expense)/benefit
 
 
$
(18.2
)
 
$
38.5

 
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.