RECEIVABLES

The following table summarizes the Company's trade and unbilled receivables, net and notes receivable:



(In millions)	June 29, 2018			September 29, 2017
Trade and unbilled receivables, gross	$	1,004.5		$	1,039.2
Allowance for doubtful accounts	(40.3		)	(63.1		)
Trade and unbilled receivables, net	$	964.2		$	976.1
Short-term	$	933.6		$	961.5
Long-term ⁽¹⁾	$	30.6		$	14.6

Notes receivable	$	76.7		$	105.2
Short-term ⁽²⁾	$	25.1		$	5.0
Long-term ^{(1) (3)}	$	51.6		$	100.2


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


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


⁽³⁾	Balances include accrued interest and are recorded in other 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 trade receivables with contractual maturities of more than one year and notes receivable. A small portion of the Company's financing trade receivables are included in short-term trade accounts receivable.

As of June 29, 2018, the allowance for doubtful accounts is entirely related to short-term trade and unbilled receivables. As of September 29, 2017, the allowance for doubtful accounts included $45.9 million related to short-term trade and unbilled receivables and $17.2 million related to long-term unbilled receivables, which was written off in the first quarter of fiscal year 2018.

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