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Equity
 12 Months Ended
Oct. 01, 2023
Equity [Abstract]  
Equity EquityIn addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, we have authorized 7.5 million shares of preferred stock, none of which was outstanding at October 1, 2023.
During the first quarter of fiscal 2022, we resumed our share repurchase program which was temporarily suspended in March 2020 upon the onset of the COVID-19 pandemic. During the fiscal year ended October 2, 2022, we repurchased 36.3 million shares of common stock for $4.0 billion on the open market. On March 15, 2022, we announced that our Board 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.
During the first quarter of fiscal 2023, we resumed our share repurchase program. During the fiscal year ended October 1, 2023, we repurchased 10.0 million shares of common stock for $1.0 billion on the open market. As of October 1, 2023, 42.6 million shares remained available for repurchase under current authorizations.
During the fourth quarter of fiscal 2023, our Board declared a quarterly cash dividend to shareholders of $0.57 per share to be paid on November 24, 2023 to shareholders of record as of the close of business on November 10, 2023.
Comprehensive Income
Comprehensive income includes all changes in equity during the period, except those resulting from transactions with our shareholders. Comprehensive income is comprised of net earnings and other comprehensive income. Accumulated other comprehensive income reported on our consolidated balance sheets consists of foreign currency translation adjustments and other items and the unrealized gains and losses, net of applicable taxes, on available-for-sale debt securities and on derivative instruments designated and qualifying as cash flow and net investment hedges.
Changes in AOCI by component for the fiscal years ended October 1, 2023, October 2, 2022 and October 3, 2021, net of tax, are as follows:
(in millions) Available-for-Sale Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
October 1, 2023
Net gains/(losses) in AOCI, beginning of period$(15.5)$199.0 $209.1 $(855.8)$(463.2)
Net gains/(losses) recognized in OCI before reclassifications2.5 (132.2)54.7 (106.5)(181.5)
Net (gains)/losses reclassified from AOCI to earnings0.7 (114.3)(20.5)1.3 (132.8)
Other comprehensive income/(loss) attributable to Starbucks3.2 (246.5)34.2 (105.2)(314.3)
Other comprehensive income/(loss) attributable to NCI— — — (0.7)(0.7)
Net gains/(losses) in AOCI, end of period$(12.3)$(47.5)$243.3 $(961.7)$(778.2)
(in millions) Available-for-Sale Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
October 2, 2022
Net gains/(losses) in AOCI, beginning of period$1.5 $158.3 $48.6 $(61.2)$147.2 
Net gains/(losses) recognized in OCI before reclassifications(17.2)206.7 171.1 (794.7)(434.1)
Net (gains)/losses reclassified from AOCI to earnings0.2 (166.0)(10.6)0.1 (176.3)
Other comprehensive income/(loss) attributable to Starbucks(17.0)40.7 160.5 (794.6)(610.4)
Net gains/(losses) in AOCI, end of period$(15.5)$199.0 $209.1 $(855.8)$(463.2)
(in millions) Available-for-Sale Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
October 3, 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(2.7)240.2 47.1 190.4 475.0 
Net (gains)/losses reclassified from AOCI to earnings(1.5)0.2 (10.0)48.1 36.8 
Other comprehensive income/(loss) attributable to Starbucks(4.2)240.4 37.1 238.5 511.8 
Net gains/(losses) in AOCI, end of period$1.5 $158.3 $48.6 $(61.2)$147.2 
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
AOCI
Components
Amounts Reclassified from AOCI
Affected Line Item in
the Statements of Earnings
Year Ended
Oct 1, 2023Oct 2, 2022Oct 3, 2021
Gains/(losses) on available-for-sale securities$(0.7)$(0.4)$1.8 Interest income and other, net
Gains/(losses) on cash flow hedges133.5 196.6 1.9 
Please refer to Note 3, Derivative Instruments for additional information.
Gains/(losses) on net investment hedges27.4 14.3 13.4 Interest expense
Translation adjustment and other (1)
Korea— — (58.9)Net gain resulting from divestiture of certain operations
Other(1.3)— — Interest income and other, net
158.9 210.5 (41.8)Total before tax
(26.1)(34.2)5.0 Tax (expense)/benefit
$132.8 $176.3 $(36.8)Net of tax
(1)     Release of cumulative translation adjustments and other activities to earnings upon sale, liquidation, or dissolution of foreign businesses.