XML 32 R18.htm IDEA: XBRL DOCUMENT
v3.20.2

Equity | 9 Months Ended
--- | ---
Jun. 28, 2020
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 Hedges |  | Translation Adjustment and Other |  | Total
June 28, 2020 |  |  |  |  |  |  |  |  |
Net gains/(losses) in AOCI, beginning of period | $ | 5.6 |  |  | $ | (64.8) |  |  | $ | 47.8 |  |  | $ | (510.4) |  |  | $ | (521.8) |
Net gains/(losses) recognized in OCI before reclassifications | 4.0 |  |  | (22.3) |  |  | (18.4) |  |  | 29.0 |  |  | (7.7) |
Net (gains)/losses reclassified from AOCI to earnings | (1.7) |  |  | 3.4 |  |  | (2.1) |  |  | — |  |  | (0.4) |
Other comprehensive income/(loss) attributable to Starbucks | 2.3 |  |  | (18.9) |  |  | (20.5) |  |  | 29.0 |  |  | (8.1) |
Net gains/(losses) in AOCI, end of period | $ | 7.9 |  |  | $ | (83.7) |  |  | $ | 27.3 |  |  | $ | (481.4) |  |  | $ | (529.9) |
June 30, 2019 |  |  |  |  |  |  |  |  |
Net gains/(losses) in AOCI, beginning of period | $ | 0.1 |  |  | $ | 4.3 |  |  | $ | 5.5 |  |  | $ | (281.4) |  |  | $ | (271.5) |
Net gains/(losses) recognized in OCI before reclassifications | 2.9 |  |  | (2.6) |  |  | (15.8) |  |  | (64.9) |  |  | (80.4) |
Net (gains)/losses reclassified from AOCI to earnings | 0.2 |  |  | 4.4 |  |  | — |  |  | (1.7) |  |  | 2.9 |
Other comprehensive income/(loss) attributable to Starbucks | 3.1 |  |  | 1.8 |  |  | (15.8) |  |  | (66.6) |  |  | (77.5) |
Net gains/(losses) in AOCI, end of period | $ | 3.2 |  |  | $ | 6.1 |  |  | $ | (10.3) |  |  | $ | (348.0) |  |  | $ | (349.0) |
Three Quarters Ended | Available-for-Sale Debt Securities |  | Cash Flow Hedges |  | Net Investment Hedges |  | Translation Adjustment and Other |  | Total
June 28, 2020 |  |  |  |  |  |  |  |  |
Net gains/(losses) in AOCI, beginning of period | $ | 3.9 |  |  | $ | 11.0 |  |  | $ | (10.1) |  |  | $ | (508.1) |  |  | $ | (503.3) |
Net gains/(losses) recognized in OCI before reclassifications | 6.4 |  |  | (93.2) |  |  | 42.3 |  |  | 26.7 |  |  | (17.8) |
Net (gains)/losses reclassified from AOCI to earnings | (1.7) |  |  | (4.5) |  |  | (7.4) |  |  | — |  |  | (13.6) |
Other comprehensive income/(loss) attributable to Starbucks | 4.7 |  |  | (97.7) |  |  | 34.9 |  |  | 26.7 |  |  | (31.4) |
Cumulative effect of accounting adoption | (0.7) |  |  | 3.0 |  |  | 2.5 |  |  | — |  |  | 4.8 |
Net gains/(losses) in AOCI, end of period | $ | 7.9 |  |  | $ | (83.7) |  |  | $ | 27.3 |  |  | $ | (481.4) |  |  | $ | (529.9) |
June 30, 2019 |  |  |  |  |  |  |  |  |
Net gains/(losses) in AOCI, beginning of period | $ | (4.9) |  |  | $ | 17.7 |  |  | $ | 19.6 |  |  | $ | (362.7) |  |  | $ | (330.3) |
Net gains/(losses) recognized in OCI before reclassifications | 7.5 |  |  | (18.8) |  |  | (29.9) |  |  | 16.4 |  |  | (24.8) |
Net (gains)/losses reclassified from AOCI to earnings | 0.6 |  |  | 7.2 |  |  | — |  |  | (1.7) |  |  | 6.1 |
Other comprehensive income/(loss) attributable to Starbucks | 8.1 |  |  | (11.6) |  |  | (29.9) |  |  | 14.7 |  |  | (18.7) |
Net gains/(losses) in AOCI, end of period | $ | 3.2 |  |  | $ | 6.1 |  |  | $ | (10.3) |  |  | $ | (348.0) |  |  | $ | (349.0) |
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended |  |  |  |  |  |
AOCI Components |  | Amounts Reclassified from AOCI |  |  |  | Affected Line Item in the Statements of Earnings
|  | Jun 28, 2020 |  | Jun 30, 2019 |  |
Gains/(losses) on available-for-sale debt securities |  | $ | 2.2 |  |  | $ | 0.2 |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | (4.2) |  |  | (5.1) |  |  | Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 2.9 |  |  | — |  |  | Interest expense
Translation adjustment(1) |  |  |  |  |  |
Thailand |  | — |  |  | 1.7 |  |  | Net gain resulting from divestiture of certain operations
|  | 0.9 |  |  | (3.2) |  |  | Total before tax
|  | (0.5) |  |  | 0.3 |  |  | Tax (expense)/benefit
|  | $ | 0.4 |  |  | $ | (2.9) |  |  | Net of tax
(1)Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign businesses. |  |  |  |  |  |
Three Quarters Ended |  |  |  |  |  |
AOCI Components |  | Amounts Reclassified from AOCI |  |  |  | Affected Line Item in the Statements of Earnings
|  | Jun 28, 2020 |  | Jun 30, 2019 |  |
Gains/(losses) on available-for-sale debt securities |  | $ | 2.0 |  |  | $ | 0.9 |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | 5.9 |  |  | (8.1) |  |  | Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 10.1 |  |  | — |  |  | Interest expense
Translation adjustment(1) |  |  |  |  |  |
Thailand |  | — |  |  | 1.7 |  |  | Net gain resulting from divestiture of certain operations
|  | 18.0 |  |  | (5.5) |  |  | Total before tax
|  | (4.4) |  |  | (0.6) |  |  | Tax (expense)/benefit
|  | $ | 13.6 |  |  | $ | (6.1) |  |  | Net of tax
(1)Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign businesses. |  |  |  |  |  |
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 June 28, 2020. During the three quarters ended June 28, 2020, we repurchased 20.3 million shares of common stock for $1.7 billion. On March 18, 2020, 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 8, 2020, we announced a temporary suspension of our share repurchase program. Repurchases pursuant to this program were last made in mid-March. As of June 28, 2020, 48.9 million shares remained available for repurchase under current authorizations. In September 2018, we entered into accelerated share repurchase agreements (“ASR agreements”) with third-party financial institutions totaling $5.0 billion, effective October 1, 2018. We made a $5.0 billion up-front payment to the financial institutions and received an initial delivery of 72.0 million shares. In March 2019, we received an additional 4.9 million shares upon the completion of the program based on a volume-weighted average share price (less discount) of $65.03. In March 2019, we entered into ASR agreements with third-party financial institutions totaling $2.0 billion, effective March 22, 2019. We made a $2.0 billion up-front payment to the financial institutions and received an initial delivery of 22.2 million shares. In June 2019, we received an additional 3.9 million shares upon the completion of the program based on a volume-weighted average share price (less discount) of $76.50. During the third quarter of fiscal 2020, our Board of Directors declared a quarterly cash dividend to shareholders of $0.41 per share to be paid on August 21, 2020 to shareholders of record as of the close of business on August 7, 2020.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration