RECEIVABLES

The following table summarizes the Company's accounts receivable and notes receivable as of January 1, 2016 and October 2, 2015:



(In millions)	January 1, 2016			October 2, 2015
Accounts receivable, gross	$	857.8		$	838.2
Allowance for doubtful accounts	(25.0		)	$	(21.2	)
Accounts receivable, net	$	832.8		$	817.0
Short-term	$	768.5		$	770.9
Long-term	$	64.3		$	46.1

Notes receivable	$	43.0		$	40.9
Short-term	$	10.0		$	10.0
Long-term	$	33.0		$	30.9

A financing receivable represents a financing arrangement with a contractual right to receive money, on demand or on fixed or determinable dates, and that is recognized as an asset on the Company’s Condensed Consolidated Balance Sheets. The Company’s financing receivables consist of accounts receivable with contractual maturities of more than one year and notes receivable. A small portion of the Company's financing accounts receivables were within the short-term accounts receivable.

Allowance for doubtful accounts is entirely related to the short-term accounts receivable as of January 1, 2016 and October 2, 2015. There was no material activity in the allowance for doubtful financing accounts receivable during both the three months ended January 1, 2016 and January 2, 2015, respectively.

See Note 15, "VPT Loans" for more information on the Company's long-term notes receivable balances.