XML 29 R18.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Equity
6 Months Ended
Mar. 31, 2024
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
March 31, 2024
Net gains/(losses) in AOCI, beginning of period$(7.9)$15.7 $217.7 $(783.3)$(557.8)
Net gains/(losses) recognized in OCI before reclassifications(0.3)27.1 69.2 (150.0)(54.0)
Net (gains)/losses reclassified from AOCI to earnings0.3 (2.2)(7.7)— (9.6)
Other comprehensive income/(loss) attributable to Starbucks— 24.9 61.5 (150.0)(63.6)
Other comprehensive income/(loss) attributable to NCI — — — (0.1)(0.1)
Net gains/(losses) in AOCI, end of period$(7.9)$40.6 $279.2 $(933.4)$(621.5)
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)
Two Quarters EndedAvailable-for-Sale Debt SecuritiesCash Flow HedgesNet Investment HedgesTranslation Adjustment and OtherTotal
March 31, 2024
Net gains/(losses) in AOCI, beginning of period$(12.3)$(47.5)$243.3 $(961.7)$(778.2)
Net gains/(losses) recognized in OCI before reclassifications3.9 60.7 50.3 28.2 143.1 
Net (gains)/losses reclassified from AOCI to earnings0.5 27.4 (14.4)— 13.5 
Other comprehensive income/(loss) attributable to Starbucks4.4 88.1 35.9 28.2 156.6 
Other comprehensive income/(loss) attributable to NCI — — — 0.1 0.1 
Net gains/(losses) in AOCI, end of period$(7.9)$40.6 $279.2 $(933.4)$(621.5)
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)
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
Mar 31, 2024Apr 2, 2023
Gains/(losses) on available-for-sale debt securities$(0.4)$(0.3)Interest income and other, net
Gains/(losses) on cash flow hedges3.8 59.9 
Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges10.2 7.0 Interest expense
13.6 66.6 Total before tax
(4.0)(9.5)Tax expense
$9.6 $57.1 Net of tax
Two Quarters Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Mar 31, 2024Apr 2, 2023
Gains/(losses) on available-for-sale debt securities$(0.7)$(0.4)Interest income and other, net
Gains/(losses) on cash flow hedges(29.7)153.1 
Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges19.1 12.3 Interest expense
(11.3)165.0 Total before tax
(2.2)(21.3)Tax expense
$(13.5)$143.7 Net of tax
In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, we have 7.5 million shares of authorized preferred stock, none of which was outstanding as of March 31, 2024.
During the two quarters ended March 31, 2024 and April 2, 2023, we repurchased 12.8 million and 4.9 million shares of common stock on the open market for $1,250.1 million and $495.3 million, respectively. As of March 31, 2024, 29.8 million shares remained available for repurchase under current authorizations.
During the second quarter of fiscal 2024, our Board of Directors approved a quarterly cash dividend to shareholders of $0.57 per share to be paid on May 31, 2024 to shareholders of record as of the close of business on May 17, 2024.