Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2020

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 January 31, 2020 and 2019.

			January 31, 2020
		(in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Agency discount notes		$	6.0	$	—	$	—		$	6.0		$	—	$	6.0		$	—
	Commercial paper		36.8		—		—			36.8			—		36.8			—
	Money market funds		1,135.5		—		—			1,135.5			1,135.5		—			—
	Other (2)		2.3		—		—			2.3			1.3		1.0			—
Marketable securities:
	Short-term trading securities
		Mutual funds	59.9		9.2		(0.1		)	69.0			69.0		—			—
Derivative contract assets (3)			1.1		9.7		(1.3		)	9.5			—		8.9			0.6
Derivative contract liabilities (4)			—		—		(4.7		)	(4.7		)	—		(4.7		)	—
		Total	$	1,241.6	$	18.9	$	(6.1	)	$	1,254.4		$	1,205.8	$	48.0		$	0.6

____________________ 

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

(2) Consists of custody cash deposits and certificates of deposit.

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

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

 

			January 31, 2019
		(in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Certificates of deposit		$	1.0	$	—	$	—		$	1.0		$	—	$	1.0		$	—
	Commercial paper		87.9		—		—			87.9			—		87.9			—
	Corporate debt securities		5.0		—		—			5.0			—		5.0			—
	Custody cash deposit		0.8		—		—			0.8			0.8		—			—
	Money market funds		281.4		—		—			281.4			281.4		—			—
Marketable securities:
	Short-term available-for-sale
		Other (2)	6.2		1.1		—			7.3			2.7		4.6			—
	Short-term trading securities
		Mutual funds	56.6		3.7		—			60.3			60.3		—			—
Convertible debt securities (3)			4.6		1.9		(2.1		)	4.4			—		—			4.4
Derivative contract assets (4)			1.7		8.6		(1.8		)	8.5			—		7.7			0.8
Derivative contract liabilities (5)			—		—		(7.4		)	(7.4		)	—		(7.4		)	—
		Total	$	445.2	$	15.3	$	(11.3	)	$	449.2		$	345.2	$	98.8		$	5.2

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

(2) Consists of corporate bonds, commercial paper, and common stock.

(3) Considered "available for sale" securities and included in "Other assets" in the accompanying Consolidated Balance Sheets.

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

(5)

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

Fair Value, Assets Measured on Recurring Basis

A reconciliation of the change in Autodesk’s Level 3 items for the fiscal year ended January 31, 2020 was as follows:

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
(in millions)		Derivative Contracts			Convertible Debt Securities			Total
Balances, January 31, 2019		$	0.8		$	4.4		$	5.2
Impairments		—			(1.0		)	(1.0		)
Settlements		—			(3.5		)	(3.5		)
(Losses) gains included in earnings (1)		(0.2		)	0.2			—
Losses included in OCI		—			(0.1		)	(0.1		)
Balances, January 31, 2020		$	0.6		$	—		$	0.6

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(1) Included in “Interest and other expense, net” in the accompanying Consolidated Statements of Operations.

Location and amount of gain or (loss) recognized

The location and amount of gain or loss recognized in income on cash flow hedges together with the total amount of income or expense presented in the Company's Consolidated Statements of Operations where the effects of the hedge are recorded were as follows for the fiscal year ended January 31, 2020:

	Fiscal Year Ended January 31, 2020
	Net Revenue				Cost of revenue			Operating expenses
(in millions)	Subscription Revenue		Maintenance Revenue		Cost of subscription and maintenance revenue			Marketing and sales			Research and development			General and administrative
Total amounts of income and expense line items presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded	$	2,751.9	$	386.6	$	223.9		$	1,310.3		$	851.1		$	405.6
Gain (loss) on cash flow hedging relationships
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	$	11.7	$	5.9	$	(0.9	)	$	(4.3	)	$	(0.7	)	$	(2.1	)

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

The fair value of derivative instruments in Autodesk’s Consolidated Balance Sheets were as follows as of January 31, 2020, and January 31, 2019:

	Balance Sheet Location	Fair Value at
(in millions)		January 31, 2020		January 31, 2019
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	1.0	$	4.3
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and Other assets	8.4		4.2
Total derivative assets		$	9.4	$	8.5
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	2.8	$	3.3
Derivatives not designated as hedging instruments	Other accrued liabilities	1.9		4.1
Total derivative liabilities		$	4.7	$	7.4

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

The effects of derivatives designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2020, 2019, and 2018, respectively (amounts presented include any income tax effects):

	Foreign Currency Contracts
	Fiscal Year Ended January 31,
(in millions)	2020			2019			2018
Amount of gain (loss) recognized in accumulated other comprehensive loss on derivatives (effective portion)	$	3.0		$	19.6		$	(21.3	)
Amount and location of gain (loss) reclassified from accumulated other comprehensive loss into income (loss) (effective portion)
Net revenue	$	17.6		$	(8.5	)	$	8.0
Cost of revenue	(0.9		)	—			—
Operating expenses	(7.1		)	(3.6		)	1.9
Total	$	9.6		$	(12.1	)	$	9.9

The effects of derivatives not designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2020, 2019, and 2018, respectively (amounts presented include any income tax effects):

	Fiscal Year Ended January 31,
(in millions)	2020		2019		2018
Amount and location of gain (loss) recognized on derivatives in net income (loss)
Interest and other expense, net	$	6.0	$	6.6	$	(19.1	)