RECEIVABLES

The following table summarizes the Company's accounts receivable and notes receivable as of September 29, 2017 and September 30, 2016:



	September 29,			September 30,
(In millions)	2017			2016
Accounts receivable, gross	$	901.2		$	848.4
Allowance for doubtful accounts	(63.1		)	(24.2		)
Accounts receivable, net	$	838.1		$	824.2
Short-term	$	823.5		$	769.6
Long-term ⁽¹⁾	$	14.6		$	54.6

Notes receivable	$	91.7		$	65.0
Short-term ⁽²⁾	$	5.0		$	5.8
Long-term⁽¹⁾	$	86.7		$	59.2

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

⁽²⁾ Included in prepaid expenses and other current assets on the Company's 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 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 September 29, 2017, accounts receivable, net, included unbilled receivables of $124.4 million, which includes $17.2 million of long-term unbilled receivables that has a full allowance for doubtful accounts. As of September 30, 2016, accounts receivable, net, included unbilled receivables of $111.6 million, which includes $37.9 million of long-term unbilled receivables.

As of September 29, 2017, the allowance for doubtful accounts includes $45.9 million related to short-term accounts receivable and $17.2 million related to long-term unbilled accounts receivable. As of September 30, 2016, the 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 credit-related issues.

See Note 16, "VPT Loans and Securities" for more information on the Company's short-term and long-term notes receivable balances.