Equity

6 Months Ended

Mar. 29, 2020

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
March 29, 2020
Net gains/(losses) in AOCI, beginning of period	$	3.2	$	33.7	$	7.7	$	(432.0)	$	(387.4)
Net gains/(losses) recognized in OCI before reclassifications	2.5		(96.7)		43.0		(78.4)		(129.6)
Net (gains)/losses reclassified from AOCI to earnings	(0.1)		(1.8)		(2.9)		—		(4.8)
Other comprehensive income/(loss) attributable to Starbucks	2.4		(98.5)		40.1		(78.4)		(134.4)


Net gains/(losses) in AOCI, end of period	$	5.6	$	(64.8)	$	47.8	$	(510.4)	$	(521.8)

March 31, 2019
Net gains/(losses) in AOCI, beginning of period	$	(2.9)	$	17.5	$	3.3	$	(361.1)	$	(343.2)
Net gains/(losses) recognized in OCI before reclassifications	2.9		(8.9)		2.2		79.7		75.9
Net (gains)/losses reclassified from AOCI to earnings	0.1		(4.3)		—		—		(4.2)
Other comprehensive income/(loss) attributable to Starbucks	3.0		(13.2)		2.2		79.7		71.7

Net gains/(losses) in AOCI, end of period	$	0.1	$	4.3	$	5.5	$	(281.4)	$	(271.5)

Two Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
March 29, 2020
Net gains/(losses) in AOCI, beginning of period	$	3.9	$	11.0	$	(10.1)	$	(508.1)	$	(503.3)
Net gains/(losses) recognized in OCI before reclassifications	2.4		(70.9)		60.7		(2.3)		(10.1)
Net (gains)/losses reclassified from AOCI to earnings	—		(7.9)		(5.3)		—		(13.2)
Other comprehensive income/(loss) attributable to Starbucks	2.4		(78.8)		55.4		(2.3)		(23.3)

Cumulative effect of accounting adoption	(0.7)		3.0		2.5		—		4.8
Net gains/(losses) in AOCI, end of period	$	5.6	$	(64.8)	$	47.8	$	(510.4)	$	(521.8)

March 31, 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	4.6		(16.2)		(14.1)		81.3		55.6
Net (gains)/losses reclassified from AOCI to earnings	0.4		2.8		—		—		3.2
Other comprehensive income/(loss) attributable to Starbucks	5.0		(13.4)		(14.1)		81.3		58.8

Net gains/(losses) in AOCI, end of period	$	0.1	$	4.3	$	5.5	$	(281.4)	$	(271.5)

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, 2020			Mar 31, 2019
Gains/(losses) on available-for-sale debt securities	$	0.2		$	0.2		Interest income and other, net
Gains/(losses) on cash flow hedges	2.3			5.6			Please refer to Note 3, Derivative Financial Instruments for additional information.




Gains/(losses) on net investment hedges	3.9			—			Interest income and other, net






	6.4			5.8			Total before tax
	(1.6)			(1.6)			Tax (expense)/benefit
	$	4.8		$	4.2		Net of tax


Two Quarters Ended
AOCI Components	Amounts Reclassified from AOCI							Affected Line Item in the Statements of Earnings
			Mar 29, 2020			Mar 31, 2019
Gains/(losses) on available-for-sale debt securities	$	—		$	0.7		Interest income and other, net
Gains/(losses) on cash flow hedges	9.9			(3.0)			Please refer to Note 3, Derivative Financial Instruments for additional information.




Gains/(losses) on net investment hedges	7.2			—			Interest income and other, net






	17.1			(2.3)			Total before tax
	(3.9)			(0.9)			Tax (expense)/benefit
	$	13.2		$	(3.2)		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 March 29, 2020.

During the two quarters ended March 29, 2020, we repurchased 20.3 million shares of common stock for $1.7 billion. On March 18, 2020, we announced that our Board of Directors authorized the repurchase of up to an additional 40 million shares under our ongoing share repurchase program. As of March 29, 2020, 48.9 million shares remained available for repurchase under current authorizations. On April 8, 2020, we announced a temporary suspension of our share repurchase program. Repurchases pursuant to this program were last made in mid-March.

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 up-front 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.

During the second quarter of fiscal 2020, our Board of Directors declared a quarterly cash dividend to shareholders of $0.41 per share to be paid on May 22, 2020 to shareholders of record as of the close of business on May 8, 2020.