Income Taxes (Tables)

12 Months Ended

Jan. 31, 2025

The provision for income taxes consists of the following:


	Fiscal year ended January 31,
	2025		2024		2023
Federal:
Current	$	138	$	86	$	219
Deferred	(87)		(97)		(222)
State:
Current	19		21		28
Deferred	(5)		3		(19)
Foreign:
Current	229		206		151
Deferred	(22)		11		(34)
Income tax provision	$	272	$	230	$	123

Schedule of Differences Between The U.S. Statutory Rate and The Aggregate Income Tax Provision

The differences between the U.S. statutory rate and the aggregate income tax provision are as follows:


	Fiscal year ended January 31,
	2025		2024		2023
Income tax provision at U.S. Federal statutory rate	$	291	$	239	$	199
State income tax benefit, net of the U.S. Federal benefit	10		24		(3)
Foreign income taxed at rates different from the U.S. statutory rate	(34)		(12)		22
Valuation allowance adjustment	(15)		1		(38)
Tax effect of non-deductible stock-based compensation	25		38		34
Stock compensation (windfall) / shortfall	(28)		2		10
Research and development tax credit benefit	(18)		(17)		(12)
Closure of income tax audits and changes in uncertain tax positions	52		13		11
Tax effect of officer compensation in excess of $1 million	9		8		10
Non-deductible expenses	5		2		1
Global intangible low-taxed income, foreign derived intangible income	(30)		(39)		(106)
Acquisition-related integrations	1		(29)		(2)
Other	4		—		(3)
Income tax provision	$	272	$	230	$	123

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of Autodesk’s deferred tax assets and liabilities are as follows:


	January 31,
	2025		2024
Stock-based compensation	$	55	$	53
Research and development tax credit carryforwards	109		118
Foreign tax credit carryforwards	20		4
Accrued compensation and benefits	19		11
Other accruals not currently deductible for tax	15		15
Capitalized research and development	696		514
Fixed assets	18		21
Lease liability	61		80
Tax loss carryforwards	14		10
Deferred revenue	427		538
Purchased technology	38		33
Other	40		31
Total deferred tax assets	1,512		1,428
Less: valuation allowance	(131)		(149)
Net deferred tax assets	1,381		1,279
Indefinite lived intangibles	(143)		(128)
Right-of-use assets	(37)		(52)
Deferred taxes on foreign earnings	(28)		(29)
Total deferred tax liabilities	(208)		(209)
Net deferred tax assets	$	1,173	$	1,070

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of the gross unrecognized tax benefits is as follows:


	Fiscal Year Ended January 31,
	2025		2024		2023
Gross unrecognized tax benefits at the beginning of the fiscal year (1)	$	261	$	238	$	217
Increases for tax positions of prior years (1)	31		23		9
Decreases for tax positions of prior years (1)	—		(11)		(3)
Increases for tax positions related to the current year (1)	29		13		21
Decreases relating to settlements with taxing authorities	(9)		—		(5)
Reductions as a result of lapse of the statute of limitations	—		(2)		(1)
Gross unrecognized tax benefits at the end of the fiscal year	$	312	$	261	$	238

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(1)During the year ended January 31, 2024, the Company corrected its presentation to remove correlative benefits related to certain transfer pricing matters. The above comparatives for fiscal 2023 has been corrected to conform to the current period presentation. The effect of the change on the ending gross unrecognized tax benefits was $15 million in fiscal 2023.