v3.22.4
Equity
3 Months Ended
Jan. 01, 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 HedgesTranslation Adjustment and OtherTotal
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 reclassifications1.5 (151.2)(48.3)208.9 10.9 
Net (gains)/losses reclassified from AOCI to earnings0.1 (82.7)(4.0)— (86.6)
Other comprehensive income/(loss) attributable to Starbucks1.6 (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)
January 2, 2022
Net gains/(losses) in AOCI, beginning of period$1.5 $158.3 $48.6 $(61.2)$147.2 
Net gains/(losses) recognized in OCI before reclassifications(2.6)76.9 31.0 14.2 119.5 
Net (gains)/losses reclassified from AOCI to earnings(0.1)(10.6)(2.5)— (13.2)
Other comprehensive income/(loss) attributable to Starbucks(2.7)66.3 28.5 14.2 106.3 
Net gains/(losses) in AOCI, end of period$(1.2)$224.6 $77.1 $(47.0)$253.5 
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Jan 1, 2023Jan 2, 2022
Gains/(losses) on available-for-sale debt securities$(0.2)$0.2 Interest income and other, net
Gains/(losses) on cash flow hedges93.3 12.5 
Please refer to Note 3, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges5.3 3.4 Interest expense
98.4 16.1 Total before tax
(11.8)(2.9)Tax expense
$86.6 $13.2 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 January 1, 2023.
During the quarters ended January 1, 2023 and January 2, 2022, we repurchased 1.9 million and 31.1 million shares of common stock for $191.4 million and $3.5 billion, respectively. As of January 1, 2023, 50.6 million shares remained available for repurchase under current authorizations.
During the first quarter of fiscal 2023, our Board of Directors approved a quarterly cash dividend to shareholders of $0.53 per share to be paid on February 24, 2023 to shareholders of record as of the close of business on February 10, 2023.