RECEIVABLES

The following table summarizes the Company's accounts receivable and notes receivable as of March 31, 2017 and September 30, 2016:



(In millions)	March 31, 2017			September 30, 2016
Accounts receivable, gross	$	849.7		$	848.4
Allowance for doubtful accounts	(60.0		)	(24.2		)
Accounts receivable, net	$	789.7		$	824.2
Short-term	$	761.5		$	769.6
Long-term ⁽¹⁾	$	28.2		$	54.6

Notes receivable	$	81.1		$	65.0
Short-term ⁽²⁾	$	5.4		$	5.8
Long-term ⁽¹⁾	$	75.7		$	59.2


⁽¹⁾	Included in other assets on the Company's Condensed Consolidated Balance Sheets.


⁽²⁾	Included in prepaid expenses and other current assets on the Company's Condensed Consolidated Balance Sheets.

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 are included in short-term accounts receivable.

As of March 31, 2017, allowance for doubtful accounts includes $42.8 million related to short-term accounts receivable and $17.2 million related to long-term accounts receivable. As of September 30, 2016, allowance for doubtful accounts was entirely related to the short-term accounts receivable. In the first quarter of fiscal year 2017, the Company recorded an allowance for doubtful accounts of $34.2 million from CPTC due to liquidity issues.

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