Financial Instruments (Tables)

9 Months Ended

Oct. 31, 2017

Investments, All Other Investments [Abstract]

Cost And Fair Value Of Financial Instruments Disclosure

The following tables summarize the Company's financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category as of October 31, 2017 and January 31, 2017:

			October 31, 2017
			Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Certificates of deposit		63.1		—		—			63.1			63.1		—			—
	Corporate debt securities		8.0		—		—			8.0			8.0		—			—
	Commercial paper		166.5		—		—			166.5			—		166.5			—
	Custody cash deposit		0.9		—		—			0.9			0.9		—			—
	Money market funds		144.8		—		—			144.8			—		144.8			—
	U.S. government securities		250.0		—		—			250.0			250.0		—			—
Marketable securities:
	Short-term available-for-sale
		Agency bonds	7.5		—		—			7.5			7.5		—			—
		Asset backed securities	30.4		—		—			30.4			—		30.4			—
		Certificates of deposit	4.0		—		—			4.0			4.0		—			—
		Commercial paper	31.3		—		—			31.3			—		31.3			—
		Corporate debt securities	218.7		0.1		(0.1		)	218.7			218.7		—			—
		Municipal bonds	15.5				—			15.5			15.5		—			—
		Sovereign debt	6.0		—		—			6.0			—		6.0			—
		U.S. government securities	58.8		—		—			58.8			58.8		—			—
	Short-term trading securities
		Mutual funds	49.1		7.4		—			56.5			56.5		—			—
	Long-term available-for-sale
		Agency bonds	12.2		—		—			12.2			12.2		—			—
		Asset backed securities	60.8		—		(0.1		)	60.7			—		60.7			—
		Corporate debt securities	143.1		0.2		(0.1		)	143.2			143.2		—			—
		Municipal bonds	12.8		—		(0.1		)	12.7			12.7		—			—
		Sovereign debt	2.7		—		—			2.7			—		2.7			—
		U.S. government securities	32.9		—		(0.1		)	32.8			32.8		—			—
Convertible debt securities (2)			8.4		0.6		—			9.0			—		—			9.0
Derivative contract assets (3)			2.4		7.2		(0.5		)	9.1			—		7.1			2.0
Derivative contract liabilities (4)			—		—		(8.9		)	(8.9		)	—		(8.9		)	—
		Total	$	1,329.9	$	15.5	$	(9.9	)	$	1,335.5		$	883.9	$	440.6		$	11.0

____________________ 

(1) Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets.

(2) Considered “available-for-sale” and included in “Other assets” in the accompanying Condensed Consolidated Balance Sheets.

(3) Included in “Prepaid expenses and other current assets” or “Other assets” in the accompanying Condensed Consolidated Balance Sheets.

(4) Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.

 

			January 31, 2017
			Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Agency bonds		$	6.0	$	—	$	—		$	6.0		$	6.0	$	—		$	—
	Certificates of deposit		63.1		—		—			63.1			63.1		—			—
	Commercial paper		207.4		—		—			207.4			—		207.4			—
	Corporate debt securities		40.2		—		—			40.2			40.2		—			—
	Custody cash deposit		3.2		—		—			3.2			3.2		—			—
	Money Market funds		256.5		—		—			256.5			—		256.5			—
	Municipal bonds		5.0		—		—			5.0			5.0		—			—
	Sovereign debt		15.0		—		—			15.0			—		15.0			—
	U.S. government securities		309.5		—		—			309.5			309.5		—			—
Marketable securities:
	Short-term available-for-sale
		Agency bonds	13.2		—					13.2			13.2		—			—
		Asset backed securities	19.6		—		—			19.6			—		19.6			—
		Certificates of deposit	157.3		—		—			157.3			157.3		—			—
		Commercial paper	109.2		—		—			109.2			—		109.2			—
		Corporate debt securities	234.7		—		(0.2		)	234.5			234.5		—			—
		Municipal bonds	43.4		—		—			43.4			43.4		—			—
		Sovereign debt	30.0		—		—			30.0			—		30.0			—
		U.S. government securities	32.3		—		—			32.3			32.3		—			—
	Short-term trading securities
		Mutual funds	44.8		2.5		—			47.3			47.3		—			—
	Long-term available-for-sale
		Agency bonds	7.1		—		—			7.1			7.1		—			—
		Asset backed securities	65.8		0.1		—			65.9			—		65.9			—
		Corporate debt securities	172.1		0.1		(0.1		)	172.1			172.1		—			—
		Municipal bonds	10.7		—		—			10.7			10.7		—			—
		Sovereign debt	1.5		—		—			1.5			—		1.5			—
		U.S. government securities	48.8		0.1		—			48.9			48.9		—			—
Convertible debt securities (2)			4.9		2.3		(1.6		)	5.6			—		—			5.6
Derivative contract assets (3)			2.2		12.3		(1.3		)	13.2			—		11.9			1.3
Derivative contract liabilities (4)			—		—		(10.4		)	(10.4		)	—		(10.4		)	—
		Total	$	1,903.5	$	17.4	$	(13.6	)	$	1,907.3		$	1,193.8	$	706.6		$	6.9

____________________ 

(1) Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets.

(2) Considered “available-for-sale” and included in “Other assets” in the accompanying Condensed Consolidated Balance Sheets.

(3) Included in “Prepaid expenses and other current assets,” “Other assets,” or “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.

(4)

Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.

Fair Value, Assets Measured on Recurring Basis

A reconciliation of the change in Autodesk’s Level 3 items for the nine months ended October 31, 2017 follows:

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
		Derivative Contracts			Convertible Debt Securities			Total
Balances, January 31, 2017		$	1.3		$	5.6		$	6.9
Purchases		1.1			5.9			7.0
Losses included in earnings		(0.4		)	(2.4		)	(2.8		)
Losses included in OCI		—			(0.1		)	(0.1		)
Balances, October 31, 2017		$	2.0		$	9.0		$	11.0

Available-for-sale Securities

The following table summarizes the estimated fair value of Autodesk's “available-for-sale securities” classified by the contractual maturity date of the security:

	October 31, 2017
	Cost		Fair Value
Due within 1 year	$	377.4	$	377.9
Due in 1 year through 5 years	259.4		259.3
Due in 5 years through 10 years	5.7		5.7
Due after 10 years	2.6		2.6
Total	$	645.1	$	645.5

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of derivative instruments in Autodesk’s Condensed Consolidated Balance Sheets were as follows as of October 31, 2017 and January 31, 2017:

	Balance Sheet Location	Fair Value at
		October 31, 2017		January 31, 2017
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	4.4	$	10.1
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and Other assets	4.7		3.2
Total derivative assets		$	9.1	$	13.3
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	8.5	$	4.5
Derivatives not designated as hedging instruments	Other accrued liabilities	0.4		6.0
Total derivative liabilities		$	8.9	$	10.5

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The effects of derivatives designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and nine months ended October 31, 2017 and 2016 (amounts presented include any income tax effects):

	Foreign Currency Contracts
	Three Months Ended October 31,					Nine Months Ended October 31,
	2017		2016			2017			2016
Amount of gain (loss) recognized in accumulated other comprehensive (loss) income on derivatives (effective portion)	$	2.9	$	1.8		$	(8.5	)	$	(3.1	)
Amount and location of gain (loss) reclassified from accumulated other comprehensive (loss) income into (loss) income (effective portion)
Net revenue	$	2.4	$	1.0		$	7.2		$	8.4
Operating expenses	2.9		1.5			(0.3		)	0.2
Total	$	5.3	$	2.5		$	6.9		$	8.6
Amount and location of gain (loss) recognized in (loss) income on derivatives (ineffective portion and amount excluded from effectiveness testing)
Interest and other expense, net	$	—	$	(0.1	)	$	(0.1	)	$	(0.5	)

The effects of derivatives not designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and nine months ended October 31, 2017 and 2016 (amounts presented include any income tax effects):

	Three Months Ended October 31,					Nine Months Ended October 31,
	2017		2016			2017			2016
Amount and location of gain (loss) recognized in (loss) income on derivatives
Interest and other expense, net	$	0.9	$	(1.4	)	$	(7.4	)	$	(12.3	)