Deferred Revenue (Tables)

6 Months Ended

Apr. 03, 2022

Revenue from Contract with Customer [Abstract]

Changes in Deferred Revenue Balance Related to Stored Value Cards and Loyalty Program

Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):

Quarter Ended April 3, 2022	Total
Stored value cards and loyalty program at January 2, 2022	$	1,952.5
Revenue deferred - card activations, card reloads and Stars earned	3,124.0
Revenue recognized - card and Stars redemptions and breakage	(3,426.3)
Other(1)	(5.0)
Stored value cards and loyalty program at April 3, 2022(2)	$	1,645.2
Quarter Ended March 28, 2021	Total
Stored value cards and loyalty program at December 27, 2020	$	1,750.0
Revenue deferred - card activations, card reloads and Stars earned	2,709.7
Revenue recognized - card and Stars redemptions and breakage	(2,977.8)
Other(1)	(6.7)
Stored value cards and loyalty program at March 28, 2021(2)	$	1,475.2
Two Quarters Ended April 3, 2022	Total
Stored value cards and loyalty program at October 3, 2021	$	1,448.5
Revenue deferred - card activations, card reloads and Stars earned	7,041.5
Revenue recognized - card and Stars redemptions and breakage	(6,837.1)
Other(1)	(7.7)
Stored value cards and loyalty program at April 3, 2022(2)	$	1,645.2
Two Quarters Ended March 28, 2021	Total
Stored value cards and loyalty program at September 27, 2020	$	1,280.5
Revenue deferred - card activations, card reloads and Stars earned	6,147.1
Revenue recognized - card and Stars redemptions and breakage	(5,958.0)
Other(1)	5.6
Stored value cards and loyalty program at March 28, 2021(2)	$	1,475.2

(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.

(2)As of April 3, 2022 and March 28, 2021, approximately $1.5 billion and $1.4 billion of these amounts were current, respectively.