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Equity
6 Months Ended
Apr. 01, 2012
Equity [Abstract]  
Equity

Note 8: Equity

Changes in total equity (in millions):

 

     Two Quarters Ended  
     Apr 1, 2012     Apr 3, 2011  

Beginning balance of total equity

   $ 4,387.3      $ 3,682.3   

Net earnings including noncontrolling interest

     692.3        609.9   

Other comprehensive income / (loss)

     (4.6     27.4   
  

 

 

   

 

 

 

Comprehensive income

     687.7        637.3   

Stock-based compensation expense

     77.1        72.3   

Exercise of stock options

     248.1        182.1   

Sale of common stock

     9.4        9.3   

Repurchase of common stock

     (15.7     (60.5

Cash dividends declared

     (257.2     (195.6
  

 

 

   

 

 

 

Ending balance of total equity

   $ 5,136.7      $ 4,327.2   
  

 

 

   

 

 

 

Components of accumulated other comprehensive income, net of tax (in millions):

 

     Apr 1, 2012     Oct 2, 2011  

Net unrealized gains / (losses) on available-for-sale securities

   $ (0.5   $ (0.5

Net unrealized gains / (losses) on hedging instruments

     (50.9     (45.3

Translation adjustment

     93.1        92.1   
  

 

 

   

 

 

 

Accumulated other comprehensive income

   $ 41.7      $ 46.3   
  

 

 

   

 

 

 

In addition to 1.2 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 1, 2012.

Share repurchase activity (in millions, except for average price data):

 

     Two Quarters Ended  
     Apr 1, 2012      Apr 3, 2011  

Number of shares acquired

     0.4         1.9   

Average price per share of acquired shares

   $ 36.49       $ 31.97   

Total cost of acquired shares

   $ 15.7       $ 60.5   

 

As of April 1, 2012, 24.0 million shares remained available for repurchase under the current authorization.

During the second quarter of fiscal 2012, Starbucks Board of Directors declared a quarterly cash dividend to shareholders of $0.17 per share to be paid on May 25, 2012 to shareholders of record as of the close of business on May 9, 2012.