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Deferred Revenue (Tables) | 6 Months Ended
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Mar. 30, 2025
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 30, 2025 | Total
Stored value cards and loyalty program at December 29, 2024 | $ | 2,213.1 |
Revenue deferred - card activations, card reloads and Stars earned | 3,496.8 |
Revenue recognized - card and Stars redemptions and breakage | (3,862.9) |
Other(1) | 6.2 |
Stored value cards and loyalty program at March 30, 2025(2) | $ | 1,853.2 |
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 |
Two Quarters Ended March 30, 2025 | Total
Stored value cards and loyalty program at September 29, 2024 | $ | 1,718.7 |
Revenue deferred - card activations, card reloads and Stars earned | 7,911.2 |
Revenue recognized - card and Stars redemptions and breakage | (7,755.8) |
Other(1) | (20.9) |
Stored value cards and loyalty program at March 30, 2025(2) | $ | 1,853.2 |
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 |
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation. (2)As of March 30, 2025 and March 31, 2024, approximately $1.7 billion of these amounts were current.

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