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Deferred Revenue (Tables)
9 Months Ended
Jul. 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 July 3, 2022
Total
Stored value cards and loyalty program at April 3, 2022
$1,645.2 
Revenue deferred - card activations, card reloads and Stars earned3,282.6 
Revenue recognized - card and Stars redemptions and breakage(3,312.3)
Other(1)
(21.7)
Stored value cards and loyalty program at July 3, 2022(2)
$1,593.8 
Quarter Ended June 27, 2021
Total
Stored value cards and loyalty program at March 28, 2021
$1,475.2 
Revenue deferred - card activations, card reloads and Stars earned3,170.7 
Revenue recognized - card and Stars redemptions and breakage(3,160.0)
Other(1)
2.1 
Stored value cards and loyalty program at June 27, 2021(2)
$1,488.0 
Three Quarters Ended July 3, 2022
Total
Stored value cards and loyalty program at October 3, 2021
$1,448.5 
Revenue deferred - card activations, card reloads and Stars earned10,324.1 
Revenue recognized - card and Stars redemptions and breakage(10,149.4)
Other(1)
(29.4)
Stored value cards and loyalty program at July 3, 2022(2)
$1,593.8 
Three Quarters Ended June 27, 2021
Total
Stored value cards and loyalty program at September 27, 2020
$1,280.5 
Revenue deferred - card activations, card reloads and Stars earned9,317.8 
Revenue recognized - card and Stars redemptions and breakage(9,118.0)
Other(1)
7.7 
Stored value cards and loyalty program at June 27, 2021(2)
$1,488.0 
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.
(2)As of July 3, 2022 and June 27, 2021, approximately $1.5 billion and $1.4 billion of these amounts were current, respectively.