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Equity
6 Months Ended
Mar. 28, 2021
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 HedgesTranslation Adjustment and OtherTotal
March 28, 2021
Net gains/(losses) in AOCI, beginning of period$4.1 $(75.5)$(13.5)$(61.0)$(145.9)
Net gains/(losses) recognized in OCI before reclassifications(2.0)73.3 35.6 (81.2)25.7 
Net (gains)/losses reclassified from AOCI to earnings(0.1)(3.5)(2.5)— (6.1)
Other comprehensive income/(loss) attributable to Starbucks(2.1)69.8 33.1 (81.2)19.6 
Net gains/(losses) in AOCI, end of period$2.0 $(5.7)$19.6 $(142.2)$(126.3)
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 reclassifications2.5 (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 Starbucks2.4 (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)
Two Quarters EndedAvailable-for-Sale Debt SecuritiesCash Flow HedgesNet Investment HedgesTranslation Adjustment and OtherTotal
March 28, 2021
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(2.4)78.1 13.0 157.5 246.2 
Net (gains)/losses reclassified from AOCI to earnings(1.3)(1.7)(4.9)— (7.9)
Other comprehensive income/(loss) attributable to Starbucks(3.7)76.4 8.1 157.5 238.3 
Net gains/(losses) in AOCI, end of period$2.0 $(5.7)$19.6 $(142.2)$(126.3)
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 reclassifications2.4 (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 Starbucks2.4 (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)
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Mar 28, 2021Mar 29, 2020
Gains/(losses) on available-for-sale debt securities$0.2 $0.2 Interest income and other, net
Gains/(losses) on cash flow hedges4.3 2.3 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges3.4 3.9 Interest expense
7.9 6.4 Total before tax
(1.8)(1.6)Tax (expense)/benefit
$6.1 $4.8 Net of tax
Two Quarters Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Mar 28, 2021Mar 29, 2020
Gains/(losses) on available-for-sale debt securities$1.7 $— Interest income and other, net
Gains/(losses) on cash flow hedges3.2 9.9 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges6.6 7.2 Interest expense
11.5 17.1 Total before tax
(3.6)(3.9)Tax (expense)/benefit
$7.9 $13.2 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 28, 2021.
As of March 28, 2021, 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.
During the second quarter of fiscal 2021, our Board of Directors approved a quarterly cash dividend to shareholders of $0.45 per share to be paid on May 28, 2021 to shareholders of record as of the close of business on May 13, 2021.