Deferred Revenue (Tables)

6 Months Ended

Mar. 31, 2024

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 March 31, 2024	Total
Stored value cards and loyalty program at December 31, 2023	$	2,169.7
Revenue deferred - card activations, card reloads and Stars earned	3,456.5
Revenue recognized - card and Stars redemptions and breakage	(3,792.4)
Other(1)	(14.9)
Stored value cards and loyalty program at March 31, 2024(2)	$	1,818.9
Quarter Ended April 2, 2023	Total
Stored value cards and loyalty program at January 1, 2023	$	2,025.6
Revenue deferred - card activations, card reloads and Stars earned	3,416.0
Revenue recognized - card and Stars redemptions and breakage	(3,778.4)
Other(1)	1.3
Stored value cards and loyalty program at April 2, 2023(2)	$	1,664.5
Two Quarters Ended March 31, 2024	Total
Stored value cards and loyalty program at October 1, 2023	$	1,567.5
Revenue deferred - card activations, card reloads and Stars earned	8,143.7
Revenue recognized - card and Stars redemptions and breakage	(7,890.8)
Other(1)	(1.5)
Stored value cards and loyalty program at March 31, 2024(2)	$	1,818.9
Two Quarters Ended April 2, 2023	Total
Stored value cards and loyalty program at October 2, 2022	$	1,503.0
Revenue deferred - card activations, card reloads and Stars earned	7,639.4
Revenue recognized - card and Stars redemptions and breakage	(7,492.5)
Other(1)	14.6
Stored value cards and loyalty program at April 2, 2023(2)	$	1,664.5

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

(2)As of March 31, 2024 and April 2, 2023, approximately $1.7 billion and $1.6 billion, respectively, of these amounts were current.