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Equity
12 Months Ended
Oct. 01, 2017
Equity [Abstract]  
Equity
Equity
In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, we have authorized 7.5 million shares of preferred stock, none of which was outstanding at October 1, 2017.
We repurchased 37.5 million shares of common stock at a total cost of $2.1 billion, and 34.9 million shares at a total cost of $2.0 billion for the years ended October 1, 2017 and October 2, 2016, respectively. As of October 1, 2017, 80.3 million shares remained available for repurchase under current authorizations.
Comprehensive Income
Comprehensive income includes all changes in equity during the period, except those resulting from transactions with our shareholders. Comprehensive income is comprised of net earnings and other comprehensive income. Accumulated other comprehensive income reported on our consolidated balance sheets consists of foreign currency translation adjustments and other and the unrealized gains and losses, net of applicable taxes, on available-for-sale securities and on derivative instruments designated and qualifying as cash flow and net investment hedges.
Changes in accumulated other comprehensive income (“AOCI”) by component, for the years ended October 1, 2017, October 2, 2016, and September 27, 2015, net of tax,a re as follows:
(in millions)
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
October 1, 2017
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
1.1

 
$
10.9

 
$
1.3

 
$
(121.7
)
 
$
(108.4
)
Net gains/(losses) recognized in OCI before reclassifications
(6.6
)
 
40.6

 
12.7

 
(40.7
)
 
6.0

Net (gains)/losses reclassified from AOCI to earnings
3.0

 
(55.6
)
 

 
(0.6
)
 
(53.2
)
Other comprehensive income/(loss) attributable to Starbucks
(3.6
)
 
(15.0
)
 
12.7

 
(41.3
)
 
(47.2
)
Net gains/(losses) in AOCI, end of period
$
(2.5
)
 
$
(4.1
)
 
$
14.0

 
$
(163.0
)
 
$
(155.6
)
(in millions)
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
October 2, 2016
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.1
)
 
$
25.6

 
$
1.3

 
$
(226.2
)
 
$
(199.4
)
Net gains/(losses) recognized in OCI before reclassifications
2.2

 
(82.1
)
 

 
104.5

 
24.6

Net (gains)/losses reclassified from AOCI to earnings
(1.0
)
 
67.4

 

 

 
66.4

Other comprehensive income/(loss) attributable to Starbucks
1.2

 
(14.7
)
 

 
104.5


91.0

Net gains/(losses) in AOCI, end of period
$
1.1

 
$
10.9

 
$
1.3

 
$
(121.7
)
 
$
(108.4
)

(in millions)
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
September 27, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.4
)
 
$
46.3

 
$
3.2

 
$
(23.8
)
 
$
25.3

Net gains/(losses) recognized in OCI before reclassifications
0.9

 
30.8

 
2.7

 
(185.6
)
 
(151.2
)
Net (gains)/losses reclassified from AOCI to earnings
(0.6
)
 
(51.5
)
 
(4.6
)
 
14.3

 
(42.4
)
Other comprehensive income/(loss) attributable to Starbucks
0.3

 
(20.7
)
 
(1.9
)
 
(171.3
)
 
(193.6
)
Purchase of noncontrolling interest

 

 

 
(31.1
)
 
(31.1
)
Net gains/(losses) in AOCI, end of period
$
(0.1
)
 
$
25.6

 
$
1.3

 
$
(226.2
)
 
$
(199.4
)
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Fiscal Year Ended
 
 
Oct 1, 2017
 
Oct 2, 2016
 
Sep 27, 2015
 
Gains/(losses) on available-for-sale securities
 
$
(4.1
)
 
$
1.6

 
$
1.0

 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
 
 
Interest rate hedges
 
4.8

 
5.0

 
3.2

 
Interest expense
Cross-currency swaps
 
57.2

 
(101.1
)
 
46.2

 
Interest income and other, net
Foreign currency hedges
 
3.0

 
4.9

 
14.0

 
Revenue
Foreign currency/coffee hedges
 
5.7

 
11.4

 
8.6

 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)
 

 

 
7.2

 
Gain resulting from acquisition of joint venture
Translation adjustment(2)
 
 
 
 
 
 
 
 
Starbucks Japan
 

 

 
(7.2
)
 
Gain resulting from acquisition of joint venture
Other
 
0.6

 

 
(7.1
)
 
Interest income and other, net
 
 
67.2

 
(78.2
)
 
65.9

 
Total before tax
 
 
(14.0
)
 
11.8

 
(23.5
)
 
Tax (expense)/benefit
 
 
$
53.2

 
$
(66.4
)
 
$
42.4

 
Net of tax

(1)  
Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.
(2)  
Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.