Equity

3 Months Ended

Dec. 29, 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 Hedges		Translation Adjustment and Other		Total
December 29, 2024
Net gains/(losses) in AOCI, beginning of period	$	(2.3)	$	70.5	$	247.7	$	(744.7)	$	(428.8)
Net gains/(losses) recognized in OCI before reclassifications	(1.6)		51.5		155.1		(311.2)		(106.2)
Net (gains)/losses reclassified from AOCI to earnings	0.2		(27.8)		(20.7)		—		(48.3)
Other comprehensive income/(loss) attributable to Starbucks	(1.4)		23.7		134.4		(311.2)		(154.5)
Other comprehensive income/(loss) attributable to NCI	—		—		—		(0.3)		(0.3)
Net gains/(losses) in AOCI, end of period	$	(3.7)	$	94.2	$	382.1	$	(1,056.2)	$	(583.6)
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)

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 29, 2024		Dec 31, 2023
Gains/(losses) on available-for-sale debt securities	$	(0.2)	$	(0.3)	Interest income and other, net
Gains/(losses) on cash flow hedges	39.4		(33.5)		Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	27.7		8.9		Interest expense
	66.9		(24.9)		Total before tax
	(18.6)		1.8		Tax (expense)/benefit
	$	48.3	$	(23.1)	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 29, 2024.

During the quarter ended December 29, 2024, we made no share repurchases. During the quarter ended December 31, 2023, we repurchased 12.8 million shares of common stock on the open market for $1,250.1 million. As of December 29, 2024, 29.8 million shares remained available for repurchase under current authorizations.

During the first quarter of fiscal 2025, our Board of Directors approved a quarterly cash dividend to shareholders of $0.61 per share to be paid on February 28, 2025 to shareholders of record as of the close of business on February 14, 2025.