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Equity
9 Months Ended
Jun. 27, 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
June 27, 2021
Net gains/(losses) in AOCI, beginning of period$2.0 $(5.7)$19.6 $(142.2)$(126.3)
Net gains/(losses) recognized in OCI before reclassifications(0.1)32.9 24.2 40.2 97.2 
Net (gains)/losses reclassified from AOCI to earnings(0.2)2.1 (2.5)— (0.6)
Other comprehensive income/(loss) attributable to Starbucks(0.3)35.0 21.7 40.2 96.6 
Net gains/(losses) in AOCI, end of period$1.7 $29.3 $41.3 $(102.0)$(29.7)
June 28, 2020
Net gains/(losses) in AOCI, beginning of period$5.6 $(64.8)$47.8 $(510.4)$(521.8)
Net gains/(losses) recognized in OCI before reclassifications4.0 (22.3)(18.4)29.0 (7.7)
Net (gains)/losses reclassified from AOCI to earnings(1.7)3.4 (2.1)— (0.4)
Other comprehensive income/(loss) attributable to Starbucks2.3 (18.9)(20.5)29.0 (8.1)
Net gains/(losses) in AOCI, end of period$7.9 $(83.7)$27.3 $(481.4)$(529.9)
Three Quarters EndedAvailable-for-Sale Debt SecuritiesCash Flow HedgesNet Investment HedgesTranslation Adjustment and OtherTotal
June 27, 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(2.5)111.0 37.2 197.7 343.4 
Net (gains)/losses reclassified from AOCI to earnings(1.5)0.4 (7.4)— (8.5)
Other comprehensive income/(loss) attributable to Starbucks(4.0)111.4 29.8 197.7 334.9 
Net gains/(losses) in AOCI, end of period$1.7 $29.3 $41.3 $(102.0)$(29.7)
June 28, 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 reclassifications6.4 (93.2)42.3 26.7 (17.8)
Net (gains)/losses reclassified from AOCI to earnings(1.7)(4.5)(7.4)— (13.6)
Other comprehensive income/(loss) attributable to Starbucks4.7 (97.7)34.9 26.7 (31.4)
Cumulative effect of accounting adoption(0.7)3.0 2.5 — 4.8 
Net gains/(losses) in AOCI, end of period$7.9 $(83.7)$27.3 $(481.4)$(529.9)
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
Jun 27, 2021Jun 28, 2020
Gains/(losses) on available-for-sale debt securities$0.1 $2.2 Interest income and other, net
Gains/(losses) on cash flow hedges(1.8)(4.2)
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges3.3 2.9 Interest expense
1.6 0.9 Total before tax
(1.0)(0.5)Tax (expense)/benefit
$0.6 $0.4 Net of tax
Three Quarters Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Jun 27, 2021Jun 28, 2020
Gains/(losses) on available-for-sale debt securities$1.8 $2.0 Interest income and other, net
Gains/(losses) on cash flow hedges1.4 5.9 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges9.9 10.1 Interest expense
13.1 18.0 Total before tax
(4.6)(4.4)Tax (expense)/benefit
$8.5 $13.6 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 27, 2021.
As of June 27, 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. We currently expect the suspension of share repurchases to continue for the remainder of fiscal 2021.
During the third quarter of fiscal 2021, our Board of Directors approved a quarterly cash dividend to shareholders of 0.45 per share to be paid on August 27, 2021 to shareholders of record as of the close of business on August 12, 2021.