Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2012

Cost and Fair Value of Financial Instruments Disclosure

The following tables summarizes the Company's financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category as of January 31, 2012 and 2011.



			January 31, 2012
			Amortized Cost		Gross unrealized gains		Gross unrealized losses			Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):
	Certificates of deposit and time deposits		$	493.6	$	—	$	—		$	493.6	$	11.3	$	482.3	$	—
	Commercial paper		297.9		—		—			297.9		—		297.9		—
	Money market funds		62.1		—		—			62.1		—		62.1		—
Marketable securities:
	Short-term available for sale
		Commercial paper and corporate debt securities	143.7		0.1		—			143.8		35.3		108.5		—
		Certificates of deposit and time deposits	5.2		—		—			5.2		—		5.2		—
		U.S. treasury securities	30.7		—		—			30.7		30.7		—		—
		U.S. government agency securities	38.2		—		—			38.2		38.2		—		—
		Municipal securities	4.7		—		—			4.7		4.7		—		—
		Other	0.3		—		—			0.3		0.3		—		—
	Short-term trading securities
		Mutual funds	29.8		1.8		(0.1		)	31.5		31.5		—		—
	Long-term available for sale
		Corporate debt securities	107.8		1.0		(0.2		)	108.6		108.6		—		—
		U.S. treasury securities	23.6		0.2		—			23.8		23.8		—		—
		U.S. government agency securities	51.4		0.2		—			51.6		51.6		—		—
		Municipal securities	4.6		—		—			4.6		4.6		—		—
		Taxable auction-rate securities	4.2		—		—			4.2		—		—		4.2
Convertible debt securities (2)			18.3		—		—			18.3		—		—		18.3
Derivative contracts (3)			11.6		6.5		(2.2		)	15.9		—		9.7		6.2
		Total	$	1,327.7	$	9.8	$	(2.5	)	$	1,335.0	$	340.6	$	965.7	$	28.7

____________________


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


(2)	Included in "Other assets" in the accompanying Consolidated Balance Sheets.


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



			January 31, 2011
			Amortized Cost		Gross unrealized gains		Gross unrealized losses			Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):
	Certificates of deposit and time deposits		$	383.3	$	—	$	—		$	383.3	$	97.9	$	285.4	$	—
	Commercial paper		331.0		—		—			331.0		—		331.0		—
	Money market funds		43.8		—		—			43.8		—		43.8		—
Marketable securities:
	Short-term available for sale
		Commercial paper and corporate debt securities	47.6		0.1		—			47.7		37.7		10.0		—
		Certificates of deposit and time deposits	29.0		—		—			29.0		25.0		4.0		—
		U.S. treasury securities	26.0		—		—			26.0		26.0		—		—
		U.S. government agency securities	47.2		—		—			47.2		47.2		—		—
		Sovereign debt	9.1		—		—			9.1		—		9.1		—
		Municipal securities	8.6		—		—			8.6		8.6		—		—
		Other	0.3		—		—			0.3		0.3		—		—
	Short-term trading securities
		Mutual funds	29.7		1.7		(0.1		)	31.3		31.3		—		—
	Long-term available for sale
		Corporate debt securities	152.6		1.5		(0.1		)	154.0		154.0		—		—
		U.S. treasury securities	12.7		0.1		—			12.8		12.8		—		—
		U.S. government agency securities	12.7		0.2		—			12.9		12.9		—		—
		Municipal securities	4.7		—		—			4.7		4.7		—		—
		Sovereign debt	3.9		0.1		—			4.0		—		4.0		—
		Taxable auction-rate securities	4.2		—		—			4.2		—		—		4.2
Derivative contracts (2)			3.9		1.9		(1.9		)	3.9		—		3.9		—
		Total	$	1,150.3	$	5.6	$	(2.1	)	$	1,153.8	$	458.4	$	691.2	$	4.2

____________________


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


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

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

A reconciliation of the change in Autodesk’s Level 3 items for the fiscal years ended January 31, 2012 and 2011 was as follows:



	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
		Derivative Contracts		Convertible Debt Securities		Money Market Funds			Taxable Auction-Rate Securities			Total
Balance at January 31, 2010		$	—	$	—	$	10.0		$	7.6		$	17.6
Transfers into (out of) Level 3		—		—		—			—			—
Redemptions		—		—		(11.7		)	(3.4		)	(15.1		)
Total realized/unrealized gains (losses) included in earnings		—		—		1.7			—			1.7
Balance at January 31, 2011		—		—		—			4.2			4.2
Purchases		6.2		18.3		—			—			24.5
Transfers into (out of) Level 3		—		—		—			—			—
Redemptions		—		—		—			—			—
Total realized/unrealized gains (losses) included in earnings		—		—		—			—			—
Balance at January 31, 2012		$	6.2	$	18.3	$	—		$	4.2		$	28.7

Available-for-sale Securities

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



	January 31, 2012
	Cost		Fair Value
Due in 1 year	$	222.8	$	222.9
Due in 1 year through 5 years	205.7		206.9
Due in 5 years through 10 years	—		—
Due after 10 years	4.2		4.2
Total	$	432.7	$	434.0

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, 2012 and January 31, 2011:



	Balance Sheet Location	Fair Value at
	Balance Sheet Location	January 31, 2012		January 31, 2011
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	11.9	$	5.1
Derivatives not designated as hedging instruments	Other assets	6.2		—
Total derivative assets		$	18.1	$	5.1
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	2.2	$	1.2
Total derivative liabilities		$	2.2	$	1.2

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, 2012 and 2011, respectively (amounts presented include any income tax effects):



	Foreign Currency Contracts
	Fiscal Year Ended January 31,
	2012			2011
Amount of gain (loss) recognized in accumulated other comprehensive income ("OCI") on derivatives (effective portion)	$	12.8		$	11.8
Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
Net revenue	$	(1.9	)	$	13.0
Operating expenses	4.6			2.1
Total	$	2.7		$	15.1
Amount and Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Interest and other income (expense), net	$	0.3		$	0.1

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, 2012 and 2011, respectively (amounts presented include any income tax effects):



	Foreign Exchange Contracts
	Fiscal Year Ended January 31,
	2012			2011
Amount and Location of Gain (Loss) Recognized in Income on Derivative
Interest and other income, net	$	(1.3	)	$	2.3

- Definition

Tabular disclosure of available-for-sale securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt.

+ References

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+ Details

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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