Equity (Tables)

3 Months Ended

Mar. 28, 2021

Changes in Accumulated Other Comprehensive Income by component, net of tax

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
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 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)



Two Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
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 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)

Impact of reclassifications from Accumulated Other Comprehensive Income on the consolidated statements of earnings

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 28, 2021		Mar 29, 2020
Gains/(losses) on available-for-sale debt securities	$	0.2	$	0.2	Interest income and other, net
Gains/(losses) on cash flow hedges	4.3		2.3		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	3.4		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 AOCI				Affected Line Item in the Statements of Earnings
	Mar 28, 2021		Mar 29, 2020
Gains/(losses) on available-for-sale debt securities	$	1.7	$	—	Interest income and other, net
Gains/(losses) on cash flow hedges	3.2		9.9		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	6.6		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