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Equity
3 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Equity
Changes in total equity (in millions):
 
Quarter Ended
 
Dec 31, 2017
 
Jan 1, 2017
 
Attributable to Starbucks
 
Noncontrolling interests
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,450.1

 
$
6.9

 
$
5,457.0

 
$
5,884.0

 
$
6.7

 
$
5,890.7

Net earnings including noncontrolling interests
2,250.2

 
(0.1
)
 
2,250.1

 
751.8

 
(0.3
)
 
751.5

Translation adjustment and other, net of reclassifications and tax
28.1

 

 
28.1

 
(171.8
)
 

 
(171.8
)
Unrealized gains/(losses), net of reclassifications and tax
2.2

 

 
2.2

 
37.9

 

 
37.9

Other comprehensive income/(loss)
30.3

 

 
30.3

 
(133.9
)
 

 
(133.9
)
Stock-based compensation expense
62.2

 

 
62.2

 
55.7

 

 
55.7

Exercise of stock options/vesting of RSUs
(9.1
)
 

 
(9.1
)
 
8.8

 

 
8.8

Sale of common stock
7.4

 

 
7.4

 
7.0

 

 
7.0

Repurchase of common stock
(1,618.2
)
 

 
(1,618.2
)
 
(413.7
)
 

 
(413.7
)
Cash dividends declared
(420.8
)
 

 
(420.8
)
 
(363.1
)
 

 
(363.1
)
Ending balance of total equity
$
5,752.1

 
$
6.8

 
$
5,758.9

 
$
5,796.6

 
$
6.5

 
$
5,803.1


Changes in AOCI by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
December 31, 2017
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(2.5
)
 
$
(4.1
)
 
$
14.0

 
$
(163.0
)
 
$
(155.6
)
Net gains/(losses) recognized in OCI before reclassifications
(1.8
)
 
(2.9
)
 
(0.2
)
 
20.9

 
16.0

Net (gains)/losses reclassified from AOCI to earnings
1.3

 
5.9

 
(0.1
)
 
7.2

 
14.3

Other comprehensive income/(loss) attributable to Starbucks
(0.5
)
 
3.0

 
(0.3
)
 
28.1

 
30.3

Net gains/(losses) in AOCI, end of period
$
(3.0
)
 
$
(1.1
)
 
$
13.7

 
$
(134.9
)
 
$
(125.3
)
 
 
 
 
 
 
 
 
 
 
January 1, 2017
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
1.1

 
$
10.9

 
$
1.3

 
$
(121.7
)
 
$
(108.4
)
Net gains/(losses) recognized in OCI before reclassifications
(9.3
)
 
87.0

 
25.9

 
(171.8
)
 
(68.2
)
Net (gains)/losses reclassified from AOCI to earnings
0.6

 
(66.3
)
 

 

 
(65.7
)
Other comprehensive income/(loss) attributable to Starbucks
(8.7
)
 
20.7

 
25.9

 
(171.8
)
 
(133.9
)
Net gains/(losses) in AOCI, end of period
$
(7.6
)
 
$
31.6

 
$
27.2

 
$
(293.5
)
 
$
(242.3
)
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
 
Dec 31, 2017
 
Jan 1, 2017
 
Gains/(losses) on available-for-sale securities
 
$
(1.7
)
 
$
(0.8
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
1.2

 
1.2

 
Interest expense
Cross-currency swaps
 
(0.5
)
 
77.6

 
Interest income and other, net
Foreign currency hedges
 
(0.4
)
 
1.3

 
Revenues
Foreign currency/coffee hedges
 
(7.1
)
 
2.4

 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges
 
0.1

 

 
 
Translation adjustment
 
 
 
 
 
 
East China joint venture
 
(7.2
)
 

 
Gain resulting from acquisition of joint venture
Taiwan joint venture
 
(1.4
)
 

 
Gains resulting from divestiture of certain operations
Other
 
1.9

 

 
Interest income and other, net
 
 
(15.1
)
 
81.7

 
Total before tax
 
 
0.8

 
(16.0
)
 
Tax benefit
 
 
$
(14.3
)
 
$
65.7

 
Net of tax

In addition to 2.4 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 December 31, 2017.
We repurchased 28.5 million shares of common stock at a total cost of $1.6 billion, and 7.6 million shares at a total cost of $413.7 million for the quarters ended December 31, 2017 and January 1, 2017, respectively. As of December 31, 2017, 51.8 million shares remained available for repurchase under current authorizations.
During the first quarter of fiscal 2018, our Board of Directors declared a quarterly cash dividend to shareholders of $0.30 per share to be paid on February 23, 2018 to shareholders of record as of the close of business on February 8, 2018.