XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

Equity | 6 Months Ended
--- | ---
Apr. 02, 2023
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 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 reclassifications | 2.8 |  |  | (1.1) |  |  | (2.0) |  |  | 74.7 |  |  | 74.4 |
Net (gains)/losses reclassified from AOCI to earnings | 0.2 |  |  | (52.1) |  |  | (5.2) |  |  | — |  |  | (57.1) |
Other comprehensive income/(loss) attributable to Starbucks | 3.0 |  |  | (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) |
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 |
Two Quarters Ended | Available-for-Sale Debt Securities |  | Cash Flow Hedges |  | Net Investment Hedges |  | Translation Adjustment and Other |  | Total
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 reclassifications | 4.3 |  |  | (152.3) |  |  | (50.3) |  |  | 283.6 |  |  | 85.3 |
Net (gains)/losses reclassified from AOCI to earnings | 0.3 |  |  | (134.8) |  |  | (9.2) |  |  | — |  |  | (143.7) |
Other comprehensive income/(loss) attributable to Starbucks | 4.6 |  |  | (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) |
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 |
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 2, 2023 |  | Apr 3, 2022 |
Gains/(losses) on available-for-sale debt securities |  | $ | (0.3) |  |  | $ | (0.2) |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | 59.9 |  |  | 30.9 |  |  | Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 7.0 |  |  | 3.5 |  |  | Interest expense
|  | 66.6 |  |  | 34.2 |  |  | Total before tax
|  | (9.5) |  |  | (6.0) |  |  | Tax expense
|  | $ | 57.1 |  |  | $ | 28.2 |  |  | Net of tax
Two Quarters Ended |  |  |  |  |  |
AOCI Components |  | Amounts Reclassified from AOCI |  | Affected Line Item in the Statements of Earnings
| Apr 2, 2023 |  | Apr 3, 2022 |
Gains/(losses) on available-for-sale debt securities |  | $ | (0.4) |  |  | $ | — |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | 153.1 |  |  | 43.4 |  |  | Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 12.3 |  |  | 6.9 |  |  | Interest expense
|  | 165.0 |  |  | 50.3 |  |  | Total before tax
|  | (21.3) |  |  | (8.9) |  |  | Tax expense
|  | $ | 143.7 |  |  | $ | 41.4 |  |  | 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 2, 2023. During the two quarters ended April 2, 2023 and April 3, 2022, we repurchased 4.9 million and 36.3 million shares of common stock for $495.3 million and $4,013.0 million, respectively. As of April 2, 2023, 47.7 million shares remained available for repurchase under current authorizations. During the second quarter of fiscal 2023, our Board of Directors approved a quarterly cash dividend to shareholders of $0.53 per share to be paid on May 26, 2023 to shareholders of record as of the close of business on May 12, 2023.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&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 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: 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 https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration