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Equity
6 Months Ended
Apr. 02, 2023
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 2, 2023
Net gains/(losses) in AOCI, beginning of period$(13.9)$(34.9)$156.8 $(646.9)$(538.9)
Net gains/(losses) recognized in OCI before reclassifications2.8 (1.1)(2.0)74.7 74.4 
Net (gains)/losses reclassified from AOCI to earnings0.2 (52.1)(5.2)— (57.1)
Other comprehensive income/(loss) attributable to Starbucks3.0 (53.2)(7.2)74.7 17.3 
Net gains/(losses) in AOCI, end of period$(10.9)$(88.1)$149.6 $(572.2)$(521.6)
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)$260.3 
Two Quarters EndedAvailable-for-Sale Debt SecuritiesCash Flow HedgesNet Investment HedgesTranslation Adjustment and OtherTotal
April 2, 2023
Net gains/(losses) in AOCI, beginning of period$(15.5)$199.0 $209.1 $(855.8)$(463.2)
Net gains/(losses) recognized in OCI before reclassifications4.3 (152.3)(50.3)283.6 85.3 
Net (gains)/losses reclassified from AOCI to earnings0.3 (134.8)(9.2)— (143.7)
Other comprehensive income/(loss) attributable to Starbucks4.6 (287.1)(59.5)283.6 (58.4)
Net gains/(losses) in AOCI, end of period$(10.9)$(88.1)$149.6 $(572.2)$(521.6)
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)$260.3 
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Apr 2, 2023Apr 3, 2022
Gains/(losses) on available-for-sale debt securities$(0.3)$(0.2)Interest income and other, net
Gains/(losses) on cash flow hedges59.9 30.9 
Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges7.0 3.5 Interest expense
66.6 34.2 Total before tax
(9.5)(6.0)Tax expense
$57.1 $28.2 Net of tax
Two Quarters Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Apr 2, 2023Apr 3, 2022
Gains/(losses) on available-for-sale debt securities$(0.4)$— Interest income and other, net
Gains/(losses) on cash flow hedges153.1 43.4 
Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges12.3 6.9 Interest expense
165.0 50.3 Total before tax
(21.3)(8.9)Tax expense
$143.7 $41.4 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 2, 2023.
During the two quarters ended April 2, 2023 and April 3, 2022, we repurchased 4.9 million and 36.3 million shares of common stock for $495.3 million and $4,013.0 million, respectively. As of April 2, 2023, 47.7 million shares remained available for repurchase under current authorizations.
During the second quarter of fiscal 2023, our Board of Directors approved a quarterly cash dividend to shareholders of $0.53 per share to be paid on May 26, 2023 to shareholders of record as of the close of business on May 12, 2023.