XML 27 R16.htm IDEA: XBRL DOCUMENT v3.22.1
Equity
 6 Months Ended
Apr. 03, 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 HedgesTranslation Adjustment and OtherTotal
April 3, 2022
Net gains/(losses) in AOCI, beginning of period$(1.2)$224.6 $77.1 $(47.0)$253.5 
Net gains/(losses) recognized in OCI before reclassifications(7.9)52.9 28.5 (38.5)35.0 
Net (gains)/losses reclassified from AOCI to earnings0.1 (25.8)(2.6)0.1 (28.2)
Other comprehensive income/(loss) attributable to Starbucks(7.8)27.1 25.9 (38.4)6.8 
Net gains/(losses) in AOCI, end of period$(9.0)$251.7 $103.0 $(85.4)$260.3 
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)
Two Quarters EndedAvailable-for-Sale Debt SecuritiesCash Flow HedgesNet Investment HedgesTranslation Adjustment and OtherTotal
April 3, 2022
Net gains/(losses) in AOCI, beginning of period$1.5 $158.3 $48.6 $(61.2)$147.2 
Net gains/(losses) recognized in OCI before reclassifications(10.5)129.8 59.5 (24.3)154.5 
Net (gains)/losses reclassified from AOCI to earnings— (36.4)(5.1)0.1 (41.4)
Other comprehensive income/(loss) attributable to Starbucks(10.5)93.4 54.4 (24.2)113.1 
Net gains/(losses) in AOCI, end of period$(9.0)$251.7 $103.0 $(85.4)$260.3 
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)
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
Apr 3, 2022Mar 28, 2021
Gains/(losses) on available-for-sale debt securities$(0.2)$0.2 Interest income and other, net
Gains/(losses) on cash flow hedges30.9 4.3 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges3.5 3.4 Interest expense
34.2 7.9 Total before tax
(6.0)(1.8)Tax (expense)/benefit
$28.2 $6.1 Net of tax
Two Quarters Ended
AOCI
Components		Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Apr 3, 2022Mar 28, 2021
Gains/(losses) on available-for-sale debt securities$— $1.7 Interest income and other, net
Gains/(losses) on cash flow hedges43.4 3.2 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges6.9 6.6 Interest expense
50.3 11.5 Total before tax
(8.9)(3.6)Tax (expense)/benefit
$41.4 $7.9 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 April 3, 2022.
During the two quarters ended April 3, 2022, we repurchased 36.3 million shares of common stock for $4.0 billion. On March 15, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional 40 million shares under our ongoing share repurchase program. On April 4, 2022, we announced a temporary suspension of our share repurchase program to allow us to augment investments in our stores and partners. Repurchases pursuant to this program were last made on April 1, 2022. As of April 3, 2022, 52.6 million shares remained available for repurchase under current authorizations.
During the second quarter of fiscal 2022, our Board of Directors approved a quarterly cash dividend to shareholders of $0.49 per share to be paid on May 27, 2022 to shareholders of record as of the close of business on May 13, 2022.