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Equity | 3 Months Ended
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Dec. 31, 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
December 31, 2023 |  |  |  |  |  |  |  |  |
Net gains/(losses) in AOCI, beginning of period | $ | (12.3) |  |  | $ | (47.5) |  |  | $ | 243.3 |  |  | $ | (961.7) |  |  | $ | (778.2) |
Net gains/(losses) recognized in OCI before reclassifications | 4.2 |  |  | 33.6 |  |  | (18.9) |  |  | 178.2 |  |  | 197.1 |
Net (gains)/losses reclassified from AOCI to earnings | 0.2 |  |  | 29.6 |  |  | (6.7) |  |  | — |  |  | 23.1 |
Other comprehensive income/(loss) attributable to Starbucks | 4.4 |  |  | 63.2 |  |  | (25.6) |  |  | 178.2 |  |  | 220.2 |
Other comprehensive income/(loss) attributable to NCI | — |  |  | — |  |  | — |  |  | 0.2 |  |  | 0.2 |
Net gains/(losses) in AOCI, end of period | $ | (7.9) |  |  | $ | 15.7 |  |  | $ | 217.7 |  |  | $ | (783.3) |  |  | $ | (557.8) |
January 1, 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 | 1.5 |  |  | (151.2) |  |  | (48.3) |  |  | 208.9 |  |  | 10.9 |
Net (gains)/losses reclassified from AOCI to earnings | 0.1 |  |  | (82.7) |  |  | (4.0) |  |  | — |  |  | (86.6) |
Other comprehensive income/(loss) attributable to Starbucks | 1.6 |  |  | (233.9) |  |  | (52.3) |  |  | 208.9 |  |  | (75.7) |
Net gains/(losses) in AOCI, end of period | $ | (13.9) |  |  | $ | (34.9) |  |  | $ | 156.8 |  |  | $ | (646.9) |  |  | $ | (538.9) |
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
| Dec 31, 2023 |  | Jan 1, 2023 |
Gains/(losses) on available-for-sale debt securities |  | $ | (0.3) |  |  | $ | (0.2) |  |  | Interest income and other, net
Gains/(losses) on cash flow hedges |  | (33.5) |  |  | 93.3 |  |  | Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges |  | 8.9 |  |  | 5.3 |  |  | Interest expense
|  | (24.9) |  |  | 98.4 |  |  | Total before tax
|  | 1.8 |  |  | (11.8) |  |  | Tax expense
|  | $ | (23.1) |  |  | $ | 86.6 |  |  | Net of tax
In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, we have 7.5 million shares of authorized preferred stock, none of which was outstanding as of December 31, 2023. During the quarters ended December 31, 2023 and January 1, 2023, we repurchased 12.8 million and 1.9 million shares of common stock on the open market for $1,250.1 million and $191.4 million, respectively. As of December 31, 2023, 29.8 million shares remained available for repurchase under current authorizations. During the first quarter of fiscal 2024, our Board of Directors approved a quarterly cash dividend to shareholders of $0.57 per share to be paid on February 23, 2024 to shareholders of record as of the close of business on February 9, 2024.

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