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Revenues
 3 Months Ended
Dec. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer Revenues
The following table presents our revenues by segment and major source:
Quarter Ended December 30, 2023
EntertainmentSportsExperiencesEliminationsTotal
Affiliate fees$1,766$2,669$— $(293)$4,142 
Subscription fees4,507415— — 4,922 
Advertising1,9971,351— — 3,348 
Theme park admissions——2,982 — 2,982 
Resort and vacations——2,118 — 2,118 
Retail and wholesale sales of merchandise, food and beverage——2,477    —    2,477    
Merchandise licensing192—967 — 1,159 
TV/VOD distribution licensing
53657— — 593 
Theatrical distribution licensing251—— — 251 
Home entertainment209—— — 209 
Other523343588 (106)1,348 
$9,981$4,835$9,132 $(399)$23,549 
Quarter Ended December 31, 2022
EntertainmentSportsExperiencesEliminationsTotal
Affiliate fees$1,873$2,653$— $(266)$4,260 
Subscription fees3,861379— — 4,240 
Advertising2,1801,2621 — 3,443 
Theme park admissions——2,641 — 2,641 
Resort and vacations——1,980 — 1,980 
Retail and wholesale sales of merchandise, food and beverage——2,382    —    2,382 
Merchandise licensing191—952 — 1,143 
TV/VOD distribution licensing
72476— — 800 
Theatrical distribution licensing1,140—— — 1,140 
Home entertainment185—— — 185 
Other521270589 (82)1,298 
$10,675 $4,640 $8,545 $(348)$23,512 
    The following table presents our revenues by segment and primary geographical markets:
Quarter Ended December 30, 2023
EntertainmentSportsExperiencesEliminationsTotal
Americas$7,588 $4,358 $7,037 $(399)$18,584 
Europe1,409    179    1,022    —    2,610    
Asia Pacific984 298 1,073 — 2,355 
Total revenues$9,981 $4,835 $9,132 $(399)$23,549 
Quarter Ended December 31, 2022
EntertainmentSportsExperiencesEliminationsTotal
Americas$8,150 $4,315 $6,854 $(348)$18,971 
Europe1,499    126    1,015    —    2,640    
Asia Pacific1,026 199 676 — 1,901 
Total revenues$10,675 $4,640 $8,545 $(348)$23,512 
Revenues recognized in the current and prior-year periods from performance obligations satisfied (or partially satisfied) in previous reporting periods primarily relate to revenues earned on TV/VOD licenses for titles made available to the licensee in previous reporting periods. For the quarter ended December 30, 2023, $0.3 billion was recognized related to performance obligations satisfied as of September 30, 2023. For the quarter ended December 31, 2022, $0.3 billion was recognized related to performance obligations satisfied as of October 1, 2022.
As of December 30, 2023, revenue for unsatisfied performance obligations expected to be recognized in the future is $14 billion, primarily for IP or advertising time to be made available in the future under existing agreements with merchandise and co-branding licensees and sponsors, television station affiliates, DTC wholesalers, advertisers and sports sublicensees. Of this amount, we expect to recognize approximately $5 billion in the remainder of fiscal 2024, $5 billion in fiscal 2025, $2 billion in fiscal 2026 and $2 billion thereafter. These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (i) contracts with an original expected term of one year or less (such as most advertising contracts) or (ii) licenses of IP that are solely based on the sales of the licensee.
When the timing of the Company’s revenue recognition is different from the timing of customer payments, the Company recognizes either a contract asset (customer payment is subsequent to revenue recognition and subject to the Company satisfying additional performance obligations) or deferred revenue (customer payment precedes the Company satisfying the performance obligations). Consideration due under contracts with payment in arrears is recognized as accounts receivable. Deferred revenues are recognized as (or when) the Company performs under the contract. The Company’s contract assets and activity for the current and prior-year periods were not material.
Accounts receivable and deferred revenues from contracts with customers are as follows:
December 30,
2023		September 30,
2023
Accounts receivable
Current$11,810   $10,279   
Non-current1,191 1,212 
Allowance for credit losses(156)(154)
Deferred revenues
Current5,641 5,568 
Non-current952 977 
For the quarter ended December 30, 2023, the Company recognized revenue of $3.4 billion that was included in the September 30, 2023 deferred revenue balance. For the quarter ended December 31, 2022, the Company recognized revenue of $3.4 billion that was included in the October 1, 2022 deferred revenue balance. Amounts deferred generally relate to theme park admissions and vacation packages, DTC subscriptions and advances related to merchandise and TV/VOD licenses.
We evaluate our allowance for credit losses and estimate collectability of current and non-current accounts receivable based on historical bad debt experience, our assessment of the financial condition of individual companies with which we do business, current market conditions, and reasonable and supportable forecasts of future economic conditions. In times of economic turmoil, our estimates and judgments with respect to the collectability of our receivables are subject to greater uncertainty than in more stable periods.
The Company has accounts receivable with original maturities greater than one year related to the sale of film and television program rights (TV/VOD licensing) and vacation club properties. These receivables are discounted to present value at contract inception and the related revenues are recognized at the discounted amount. The balance of TV/VOD licensing receivables recorded in other non-current assets was $0.5 billion at December 30, 2023 and $0.6 billion at September 30, 2023. The balance of vacation club receivables recorded in other non-current assets was $0.7 billion at both December 30, 2023 and September 30, 2023. The allowance for credit losses for TV/VOD licensing and vacation club receivables and related activity for the periods ended December 30, 2023 and September 30, 2023 were not material.