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Deferred Revenue | 6 Months Ended
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Apr. 03, 2022
Revenue from Contract with Customer | Deferred Revenue Our deferred revenue primarily consists of the prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, our unredeemed stored value card liability and unredeemed loyalty points (“Stars”) associated with our loyalty program. As of April 3, 2022, the current and long-term deferred revenue related to Nestlé was $177.0 million and $6.3 billion, respectively. As of October 3, 2021, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $6.4 billion, respectively. During both quarters and two quarters ended April 3, 2022 and March 28, 2021, we recognized $44.2 million and $88.4 million of prepaid royalty revenue related to Nestlé, respectively. 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.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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