Starbucks 2015 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2015 Starbucks annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Gains and losses on derivative contracts designated as hedging instruments included in AOCI and expected to be reclassified
into earnings within 12 months, net of tax (in millions):
Net Gains/(Losses)
Included in AOCI
Net Gains/(Losses)
Expected to be
Reclassified from
AOCI into Earnings
within 12 Months
Contract
Remaining
Maturity
(Months)
Sep 27,
2015
Sep 28,
2014
Cash Flow Hedges:
Interest rates $ 30.1 $ 36.4 $ 3.5 4
Cross-currency swaps (27.8)—— 111
Foreign currency - other 29.0 10.6 19.2 35
Coffee (5.7)(0.7)(2.5) 12
Net Investment Hedges:
Foreign currency 1.3 3.2 — 0
Pretax gains and losses on derivative contracts designated as hedging instruments recognized in other comprehensive income
("OCI") and reclassifications from AOCI to earnings (in millions):
Year Ended
Gains/(Losses) Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Sep 27,
2015
Sep 28,
2014
Sep 27,
2015
Sep 28,
2014
Cash Flow Hedges:
Interest rates $(6.8) $ 0.5 $ 3.2 $ 5.0
Cross-currency swaps 11.4 — 46.2 —
Foreign currency - other 52.0 24.0 26.1 8.0
Coffee (9.0)(0.4)(3.5)(13.1)
Net Investment Hedges:
Foreign currency 4.3 25.5 7.2 —
Pretax gains and losses on derivative contracts not designated as hedging instruments recognized in earnings (in millions):
Gains/(Losses) Recognized in
Earnings
Sep 27, 2015 Sep 28, 2014
Foreign currency $ 27.1 $ 1.7
Coffee (0.2) —
Dairy (3.8) 12.6
Diesel fuel (9.0) (1.0)
Starbucks Corporation 2015 Form 10-K 67