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Revenues
 3 Months Ended
Jan. 01, 2022
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 January 1, 2022Quarter Ended January 2, 2021
DMEDDPEPTotalDMEDDPEPTotal
Affiliate fees$4,371$— $4,371 $4,402 $— $4,402 
Advertising3,8681 3,869 3,763 1 3,764 
Subscription fees3,598— 3,598 2,546 — 2,546 
Theme park admissions—2,152 2,152 — 549 549 
Resort and vacations—1,445 1,445 — 433 433 
Retail and wholesale sales of merchandise, food and beverage—2,089    2,089    —    1,163 1,163 
TV/SVOD distribution licensing1,396— 1,396 1,169 —    1,169    
Theatrical distribution licensing529— 529 31 — 31 
Merchandise licensing—1,119 1,119 5 1,090 1,095 
Home entertainment294— 294 300 — 300 
Other529428 957 445 352 797 
$14,585$7,234 $21,819 $12,661 $3,588 $16,249 
The following table presents our revenues by segment and primary geographical markets:
Quarter Ended January 1, 2022Quarter Ended January 2, 2021
DMEDDPEPTotalDMEDDPEPTotal
Americas$11,830 $5,711 $17,541 $10,291 $2,456 $12,747 
Europe1,538    865    2,403    1,293    487    1,780    
Asia Pacific1,217 658 1,875 1,077 645 1,722 
Total revenues$14,585 $7,234 $21,819 $12,661 $3,588 $16,249 
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/SVOD licenses for titles made available to the licensee in previous reporting periods. For the quarter ended January 1, 2022, $0.4 billion was recognized related to performance obligations satisfied as of October 2, 2021. For the quarter ended January 2, 2021, $0.4 billion was recognized related to performance obligations satisfied as of October 3, 2020.
As of January 1, 2022, revenue for unsatisfied performance obligations expected to be recognized in the future is $14 billion, primarily for content and other intellectual property (IP) to be made available in the future under existing agreements with television station affiliates, merchandise licensees and DTC subscribers. Of this amount, we expect to recognize approximately $5 billion in the remainder of fiscal 2022, $4 billion in fiscal 2023, $2 billion in fiscal 2024 and $3 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.
Contract assets, accounts receivable and deferred revenues from contracts with customers are as follows:
January 1,
2022		October 2,
2021
Contract assets$142 $155 
Accounts receivable
Current12,649   11,190   
Non-current1,341 1,359 
Allowance for credit losses(199)(194)
Deferred revenues
Current4,278 4,067 
Non-current575 581 
Contract assets primarily relate to certain multi-season TV/SVOD licensing contracts. Activity for the current and prior-year quarters related to contract assets was not material.
For the quarters ended January 1, 2022 and January 2, 2021, the Company recognized revenues of $1.9 billion and $1.5 billion included in the deferred revenue balance at October 2, 2021 and October 3, 2020, respectively. The revenues recognized in both periods were primarily for DTC subscriptions and advances from merchandise and TV/SVOD licensees.
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 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 film and television program sales receivables recorded in other non-current assets, net of an allowance for credit losses that is not material, was $0.8 billion as of January 1, 2022. The activity in the allowance for credit losses for the quarter ended January 1, 2022 was not material.
The balance of vacation club receivables recorded in other non-current assets, net of an allowance for credit losses that is not material, was $0.6 billion as of January 1, 2022. The activity in the allowance for credit losses for the quarter ended January 1, 2022 was not material.