Equity

3 Months Ended

Jan. 02, 2022

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 Hedges		Translation Adjustment and Other		Total
January 2, 2022
Net gains/(losses) in AOCI, beginning of period	$	1.5	$	158.3	$	48.6	$	(61.2)	$	147.2
Net gains/(losses) recognized in OCI before reclassifications	(2.6)		76.9		31.0		14.2		119.5
Net (gains)/losses reclassified from AOCI to earnings	(0.1)		(10.6)		(2.5)		—		(13.2)
Other comprehensive income/(loss) attributable to Starbucks	(2.7)		66.3		28.5		14.2		106.3
Net gains/(losses) in AOCI, end of period	$	(1.2)	$	224.6	$	77.1	$	(47.0)	$	253.5
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)

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
	Jan 2, 2022		Dec 27, 2020
Gains/(losses) on available-for-sale debt securities	$	0.2	$	1.5	Interest income and other, net
Gains/(losses) on cash flow hedges	12.5		(1.1)		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	3.4		3.2		Interest expense
	16.1		3.6		Total before tax
	(2.9)		(1.8)		Tax (expense)/benefit
	$	13.2	$	1.8	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 January 2, 2022.

During the quarter ended January 2, 2022, we repurchased 31.1 million shares of common stock for $3.5 billion. As of January 2, 2022, 17.8 million shares remained available for repurchase under current authorizations.

During the first quarter of fiscal 2022, our Board of Directors approved a quarterly cash dividend to shareholders of $0.49 per share to be paid on February 25, 2022 to shareholders of record as of the close of business on February 11, 2022.