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Equity | 9 Months Ended
--- | ---
Jul. 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
July 2, 2023 |  |  |  |  |  |  |  |  |
Net gains/(losses) in AOCI, beginning of period | $ | (10.9) |  |  | $ | (88.1) |  |  | $ | 149.6 |  |  | $ | (572.2) |  |  | $ | (521.6) |
Net gains/(losses) recognized in OCI before reclassifications | (1.7) |  |  | 0.8 |  |  | 75.5 |  |  | (317.4) |  |  | (242.8) |
Net (gains)/losses reclassified from AOCI to earnings | 0.2 |  |  | (6.8) |  |  | (5.8) |  |  | — |  |  | (12.4) |
Other comprehensive income/(loss) attributable to Starbucks | (1.5) |  |  | (6.0) |  |  | 69.7 |  |  | (317.4) |  |  | (255.2) |
Other comprehensive income/(loss) attributable to NCI | — |  |  | — |  |  | — |  |  | (0.7) |  |  | (0.7) |
Net gains/(losses) in AOCI, end of period | $ | (12.4) |  |  | $ | (94.1) |  |  | $ | 219.3 |  |  | $ | (890.3) |  |  | $ | (777.5) |
July 3, 2022 |  |  |  |  |  |  |  |  |
Net gains/(losses) in AOCI, beginning of period | $ | (9.0) |  |  | $ | 251.7 |  |  | $ | 103.0 |  |  | $ | (85.4) |  |  | $ | 260.3 |
Net gains/(losses) recognized in OCI before reclassifications | (1.6) |  |  | 41.0 |  |  | 81.6 |  |  | (396.9) |  |  | (275.9) |
Net (gains)/losses reclassified from AOCI to earnings | 0.1 |  |  | (46.7) |  |  | (2.8) |  |  | — |  |  | (49.4) |
Other comprehensive income/(loss) attributable to Starbucks | (1.5) |  |  | (5.7) |  |  | 78.8 |  |  | (396.9) |  |  | (325.3) |
Net gains/(losses) in AOCI, end of period | $ | (10.5) |  |  | $ | 246.0 |  |  | $ | 181.8 |  |  | $ | (482.3) |  |  | $ | (65.0) |
Three Quarters Ended | Available-for-Sale Debt Securities |  | Cash Flow Hedges |  | Net Investment Hedges |  | Translation Adjustment and Other |  | Total
July 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 | 2.6 |  |  | (151.5) |  |  | 25.2 |  |  | (33.8) |  |  | (157.5) |
Net (gains)/losses reclassified from AOCI to earnings | 0.5 |  |  | (141.6) |  |  | (15.0) |  |  | — |  |  | (156.1) |
Other comprehensive income/(loss) attributable to Starbucks | 3.1 |  |  | (293.1) |  |  | 10.2 |  |  | (33.8) |  |  | (313.6) |
Other comprehensive income/(loss) attributable to NCI | — |  |  | — |  |  | — |  |  | (0.7) |  |  | (0.7) |
Net gains/(losses) in AOCI, end of period | $ | (12.4) |  |  | $ | (94.1) |  |  | $ | 219.3 |  |  | $ | (890.3) |  |  | $ | (777.5) |
July 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 | (12.1) |  |  | 170.8 |  |  | 141.1 |  |  | (421.2) |  |  | (121.4) |
Net (gains)/losses reclassified from AOCI to earnings | 0.1 |  |  | (83.1) |  |  | (7.9) |  |  | 0.1 |  |  | (90.8) |
Other comprehensive income/(loss) attributable to Starbucks | (12.0) |  |  | 87.7 |  |  | 133.2 |  |  | (421.1) |  |  | (212.2) |
Net gains/(losses) in AOCI, end of period | $ | (10.5) |  |  | $ | 246.0 |  |  | $ | 181.8 |  |  | $ | (482.3) |  |  | $ | (65.0) |
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
| Jul 2, 2023 |  | Jul 3, 2022 |
Gains/(losses) on available-for-sale debt securities |  | $ | (0.1) |  |  | $ | (0.2) |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | 8.8 |  |  | 55.6 |  |  | Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 7.8 |  |  | 3.8 |  |  | Interest expense
|  | 16.5 |  |  | 59.2 |  |  | Total before tax
|  | (4.1) |  |  | (9.8) |  |  | Tax expense
|  | $ | 12.4 |  |  | $ | 49.4 |  |  | Net of tax
Three Quarters Ended |  |  |  |  |  |
AOCI Components |  | Amounts Reclassified from AOCI |  | Affected Line Item in the Statements of Earnings
| Jul 2, 2023 |  | Jul 3, 2022 |
Gains/(losses) on available-for-sale debt securities |  | $ | (0.5) |  |  | $ | (0.2) |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | 161.9 |  |  | 99.0 |  |  | Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 20.1 |  |  | 10.7 |  |  | Interest expense
|  | 181.5 |  |  | 109.5 |  |  | Total before tax
|  | (25.4) |  |  | (18.7) |  |  | Tax expense
|  | $ | 156.1 |  |  | $ | 90.8 |  |  | 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 July 2, 2023. During the three quarters ended July 2, 2023 and July 3, 2022, we repurchased 6.9 million and 36.3 million shares of common stock for $699.3 million and $4.0 billion, respectively. As of July 2, 2023, 45.7 million shares remained available for repurchase under current authorizations. During the third quarter of fiscal 2023, our Board of Directors approved a quarterly cash dividend to shareholders of $0.53 per share to be paid on August 25, 2023 to shareholders of record as of the close of business on August 11, 2023.

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