Equity

3 Months Ended

Dec. 27, 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
December 27, 2020
Net gains/(losses) in AOCI, beginning of period	$	5.7	$	(82.1)	$	11.5	$	(299.7)	$	(364.6)
Net gains/(losses) recognized in OCI before reclassifications	(0.4)		4.8		(22.6)		238.7		220.5
Net (gains)/losses reclassified from AOCI to earnings	(1.2)		1.8		(2.4)		—		(1.8)
Other comprehensive income/(loss) attributable to Starbucks	(1.6)		6.6		(25.0)		238.7		218.7


Net gains/(losses) in AOCI, end of period	$	4.1	$	(75.5)	$	(13.5)	$	(61.0)	$	(145.9)

December 29, 2019
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	(0.1)		25.8		17.7		76.1		119.5
Net (gains)/losses reclassified from AOCI to earnings	0.1		(6.1)		(2.4)		—		(8.4)
Other comprehensive income/(loss) attributable to Starbucks	—		19.7		15.3		76.1		111.1

Cumulative effect of accounting adoption	(0.7)		3.0		2.5		—		4.8
Net gains/(losses) in AOCI, end of period	$	3.2	$	33.7	$	7.7	$	(432.0)	$	(387.4)

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 27, 2020		Dec 29, 2019
Gains/(losses) on available-for-sale debt securities	$	1.5	$	(0.2)	Interest income and other, net
Gains/(losses) on cash flow hedges	(1.1)		7.6		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	3.2		3.3		Interest expense


	3.6		10.7		Total before tax
	(1.8)		(2.3)		Tax (expense)/benefit
	$	1.8	$	8.4	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 27, 2020.

As of December 27, 2020, 48.9 million shares remained available for repurchase under current authorizations. We have suspended our share repurchase program until we restore certain financial leverage targets, which we currently expect to occur in late fiscal 2021.

On September 30, 2020, which was early in the first quarter of fiscal 2021, our Board of Directors approved a quarterly cash dividend to shareholders of $0.45 per share to be paid on November 27, 2020 to shareholders of record as of the close of business on November 12, 2020. In November 2020, our Board of Directors approved a quarterly cash dividend to shareholders of $0.45 per share to be paid on March 5, 2021 to shareholders of record as of the close of business on February 18, 2021.