XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.22.1

Equity | 6 Months Ended
--- | ---
Apr. 03, 2022
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
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 earnings | 0.1 |  |  | (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 |
March 28, 2021 |  |  |  |  |  |  |  |  |
Net gains/(losses) in AOCI, beginning of period | $ | 4.1 |  |  | $ | (75.5) |  |  | $ | (13.5) |  |  | $ | (61.0) |  |  | $ | (145.9) |
Net gains/(losses) recognized in OCI before reclassifications | (2.0) |  |  | 73.3 |  |  | 35.6 |  |  | (81.2) |  |  | 25.7 |
Net (gains)/losses reclassified from AOCI to earnings | (0.1) |  |  | (3.5) |  |  | (2.5) |  |  |  |  | (6.1) |
Other comprehensive income/(loss) attributable to Starbucks | (2.1) |  |  | 69.8 |  |  | 33.1 |  |  | (81.2) |  |  | 19.6 |
Net gains/(losses) in AOCI, end of period | $ | 2.0 |  |  | $ | (5.7) |  |  | $ | 19.6 |  |  | $ | (142.2) |  |  | $ | (126.3) |
Two Quarters Ended | Available-for-Sale Debt Securities |  | Cash Flow Hedges |  | Net Investment Hedges |  | Translation Adjustment and Other |  | Total
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 |
March 28, 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 | (2.4) |  |  | 78.1 |  |  | 13.0 |  |  | 157.5 |  |  | 246.2 |
Net (gains)/losses reclassified from AOCI to earnings | (1.3) |  |  | (1.7) |  |  | (4.9) |  |  | — |  |  | (7.9) |
Other comprehensive income/(loss) attributable to Starbucks | (3.7) |  |  | 76.4 |  |  | 8.1 |  |  | 157.5 |  |  | 238.3 |
Net gains/(losses) in AOCI, end of period | $ | 2.0 |  |  | $ | (5.7) |  |  | $ | 19.6 |  |  | $ | (142.2) |  |  | $ | (126.3) |
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
| Apr 3, 2022 |  | Mar 28, 2021 |
Gains/(losses) on available-for-sale debt securities |  | $ | (0.2) |  |  | $ | 0.2 |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | 30.9 |  |  | 4.3 |  |  | Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 3.5 |  |  | 3.4 |  |  | Interest expense
|  | 34.2 |  |  | 7.9 |  |  | Total before tax
|  | (6.0) |  |  | (1.8) |  |  | Tax (expense)/benefit
|  | $ | 28.2 |  |  | $ | 6.1 |  |  | Net of tax
Two Quarters Ended |  |  |  |  |  |
AOCI Components |  | Amounts Reclassified from AOCI |  | Affected Line Item in the Statements of Earnings
| Apr 3, 2022 |  | Mar 28, 2021 |
Gains/(losses) on available-for-sale debt securities |  | $ | — |  |  | $ | 1.7 |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | 43.4 |  |  | 3.2 |  |  | Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 6.9 |  |  | 6.6 |  |  | Interest expense
|  | 50.3 |  |  | 11.5 |  |  | Total before tax
|  | (8.9) |  |  | (3.6) |  |  | Tax (expense)/benefit
|  | $ | 41.4 |  |  | $ | 7.9 |  |  | 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 3, 2022. During the two quarters ended April 3, 2022, we repurchased 36.3 million shares of common stock for $4.0 billion. On March 15, 2022, 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 4, 2022, we announced a temporary suspension of our share repurchase program to allow us to augment investments in our stores and partners. Repurchases pursuant to this program were last made on April 1, 2022. As of April 3, 2022, 52.6 million shares remained available for repurchase under current authorizations. During the second quarter of fiscal 2022, our Board of Directors approved a quarterly cash dividend to shareholders of $0.49 per share to be paid on May 27, 2022 to shareholders of record as of the close of business on May 13, 2022.

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 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: 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 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: 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 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration