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Equity
9 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Equity Equity
Changes in AOCI by component, net of tax (in millions):
Quarter Ended
 Available-for-Sale Debt Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
June 30, 2019
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
0.1

 
$
4.3

 
$
5.5

 
$
(281.4
)
 
$
(271.5
)
Net gains/(losses) recognized in OCI before reclassifications
2.9

 
(2.6
)
 
(15.8
)
 
(64.9
)
 
(80.4
)
Net (gains)/losses reclassified from AOCI to earnings
0.2

 
4.4

 

 
(1.7
)
 
2.9

Other comprehensive income/(loss) attributable to Starbucks
3.1

 
1.8

 
(15.8
)
 
(66.6
)
 
(77.5
)
Net gains/(losses) in AOCI, end of period
$
3.2

 
$
6.1

 
$
(10.3
)
 
$
(348.0
)
 
$
(349.0
)
 
 
 
 
 
 
 
 
 
 
July 1, 2018
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(5.0
)
 
$
(10.7
)
 
$
(19.1
)
 
$
67.7

 
$
32.9

Net gains/(losses) recognized in OCI before reclassifications
(0.4
)
 
35.6

 
24.1

 
(280.6
)
 
(221.3
)
Net (gains)/losses reclassified from AOCI to earnings
0.6

 
(14.9
)
 

 

 
(14.3
)
Other comprehensive income/(loss) attributable to Starbucks
0.2

 
20.7

 
24.1

 
(280.6
)
 
(235.6
)
Net gains/(losses) in AOCI, end of period
$
(4.8
)
 
$
10.0

 
$
5.0

 
$
(212.9
)
 
$
(202.7
)
 
 
 
 
 
 
 
 
 
 
Three Quarters Ended
 Available-for-Sale Debt Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
June 30, 2019
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(4.9
)
 
$
17.7

 
$
19.6

 
$
(362.7
)
 
$
(330.3
)
Net gains/(losses) recognized in OCI before reclassifications
7.5

 
(18.8
)
 
(29.9
)
 
16.4

 
(24.8
)
Net (gains)/losses reclassified from AOCI to earnings
0.6

 
7.2

 

 
(1.7
)
 
6.1

Other comprehensive income/(loss) attributable to Starbucks
8.1

 
(11.6
)
 
(29.9
)
 
14.7

 
(18.7
)
Net gains/(losses) in AOCI, end of period
$
3.2

 
$
6.1

 
$
(10.3
)
 
$
(348.0
)
 
$
(349.0
)
 
 
 
 
 
 
 
 
 
 
July 1, 2018
 
 
 
 
 
 
 
 
 
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
(4.7
)
 
(0.6
)
 
(9.0
)
 
(66.8
)
 
(81.1
)
Net (gains)/losses reclassified from AOCI to earnings
2.4

 
14.7

 

 
16.9

 
34.0

Other comprehensive income/(loss) attributable to Starbucks
(2.3
)
 
14.1

 
(9.0
)
 
(49.9
)
 
(47.1
)
Net gains/(losses) in AOCI, end of period
$
(4.8
)
 
$
10.0

 
$
5.0

 
$
(212.9
)
 
$
(202.7
)

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
 
Jun 30, 2019
 
Jul 1, 2018
 
Gains/(losses) on available-for-sale debt securities
 
$
0.2

 
$
(0.9
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
(5.1
)
 
18.4

 
Please refer to Note 4, Derivative Instruments for additional information.
Translation adjustment
 
 
 
 
 
 
Thailand
 
1.7

 

 
Net gain resulting from divestiture of certain operations
 
 
(3.2
)
 
17.5

 
Total before tax
 
 
0.3

 
(3.2
)
 
Tax (expense)/benefit
 
 
$
(2.9
)
 
$
14.3

 
Net of tax
Three Quarters Ended
 
 
 
 
 
 
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Jun 30, 2019
 
Jul 1, 2018
 
Gains/(losses) on available-for-sale debt securities
 
$
0.9

 
$
(3.3
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
(8.1
)
 
(17.5
)
 
Please refer to Note 4, Derivative Instruments for additional information.
Translation adjustment
 
 
 
 
 
 
Brazil
 

 
(24.1
)
 
Net gain resulting from divestiture of certain operations
East China joint venture
 

 
7.2

 
Gain resulting from acquisition of joint venture
Taiwan joint venture
 

 
1.4

 
Net gain resulting from divestiture of certain operations
Thailand
 
1.7

 

 
Net gain resulting from divestiture of certain operations
Other
 

 
(1.7
)
 
Interest income and other, net
 
 
(5.5
)
 
(38.0
)
 
Total before tax
 
 
(0.6
)
 
4.0

 
Tax (expense)/benefit
 
 
$
(6.1
)
 
$
(34.0
)
 
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 June 30, 2019.
In September 2018, we entered into accelerated share repurchase agreements (“ASR agreements”) with third-party financial institutions totaling $5.0 billion, effective October 1, 2018. We made a $5.0 billion upfront payment to the financial institutions and received an initial delivery of 72.0 million shares. In March 2019, we received an additional 4.9 million shares upon the completion of the program based on a volume-weighted average share price (less discount) of $65.03.
In March 2019, we entered into ASR agreements with third-party financial institutions totaling $2.0 billion, effective March 22, 2019. We made a $2.0 billion upfront payment to the financial institutions and received an initial delivery of 22.2 million shares. In June 2019, we received an additional 3.9 million shares upon the completion of the program based on a volume-weighted average share price (less discount) of $76.50.
Outside of the ASR agreements noted above, we repurchased 13.1 million shares of common stock for $954.3 million on the open market during the three quarters ended June 30, 2019. In connection with the ASR agreements and other open market transactions, we repurchased 116.1 million shares of common stock at a total cost of $8.0 billion for the three quarters ended June 30, 2019. During the same period of fiscal 2018, we repurchased 73.0 million shares at a total cost of $4.1 billion. In the first quarter 2019, we announced that our Board of Directors approved an increase of 120 million shares to our ongoing share repurchase program. As of June 30, 2019, 52.7 million shares remained available for repurchase under current authorizations.
During the third quarter of fiscal 2019, our Board of Directors declared a quarterly cash dividend to shareholders of $0.36 per share to be paid on August 23, 2019 to shareholders of record as of the close of business on August 8, 2019.