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Equity
9 Months Ended
Jun. 30, 2024
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 HedgesTranslation Adjustment and OtherTotal
June 30, 2024
Net gains/(losses) in AOCI, beginning of period$(7.9)$40.6 $279.2 $(933.4)$(621.5)
Net gains/(losses) recognized in OCI before reclassifications0.8 29.5 85.2 (92.0)23.5 
Net (gains)/losses reclassified from AOCI to earnings0.2 0.5 (10.6)(0.1)(10.0)
Other comprehensive income/(loss) attributable to Starbucks1.0 30.0 74.6 (92.1)13.5 
Net gains/(losses) in AOCI, end of period$(6.9)$70.6 $353.8 $(1,025.5)$(608.0)
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 earnings0.2 (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)
Three Quarters EndedAvailable-for-Sale Debt SecuritiesCash Flow HedgesNet Investment HedgesTranslation Adjustment and OtherTotal
June 30, 2024
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 reclassifications4.7 90.2 135.5 (63.8)166.6 
Net (gains)/losses reclassified from AOCI to earnings0.7 27.9 (25.0)(0.1)3.5 
Other comprehensive income/(loss) attributable to Starbucks5.4 118.1 110.5 (63.9)170.1 
Other comprehensive income/(loss) attributable to NCI — — — 0.1 0.1 
Net gains/(losses) in AOCI, end of period$(6.9)$70.6 $353.8 $(1,025.5)$(608.0)
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 reclassifications2.6 (151.5)25.2 (33.8)(157.5)
Net (gains)/losses reclassified from AOCI to earnings0.5 (141.6)(15.0)— (156.1)
Other comprehensive income/(loss) attributable to Starbucks3.1 (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)
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Jun 30, 2024Jul 2, 2023
Gains/(losses) on available-for-sale debt securities$(0.3)$(0.1)Interest income and other, net
Gains/(losses) on cash flow hedges0.2 8.8 
Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges14.2 7.8 Interest expense
Translation adjustment(1)
Other0.1 — Interest income and other, net
14.2 16.5 Total before tax
(4.2)(4.1)Tax expense
$10.0 $12.4 Net of tax
Three Quarters Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Jun 30, 2024Jul 2, 2023
Gains/(losses) on available-for-sale debt securities$(1.0)$(0.5)Interest income and other, net
Gains/(losses) on cash flow hedges(29.5)161.9 
Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges33.3 20.1 Interest expense
Translation adjustment(1)
Other0.1 — Interest income and other, net
2.9 181.5 Total before tax
(6.4)(25.4)Tax expense
$(3.5)$156.1 Net of tax
(1)Release of cumulative translation adjustments and other activities to earnings upon sale, liquidation, or dissolution of foreign businesses.
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 June 30, 2024.
During the three quarters ended June 30, 2024 and July 2, 2023, we repurchased 12.8 million and 6.9 million shares of common stock on the open market for $1,250.1 million and $699.3 million, respectively. As of June 30, 2024, 29.8 million shares remained available for repurchase under current authorizations.
During the third quarter of fiscal 2024, our Board of Directors approved a quarterly cash dividend to shareholders of $0.57 per share to be paid on August 30, 2024 to shareholders of record as of the close of business on August 16, 2024.