Financial Instruments Financial Instruments (Tables)

3 Months Ended

Apr. 30, 2014

Financial Instruments [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 April 30, 2014 and January 31, 2014:

			April 30, 2014
			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		$	314.1	$	—	$	—		$	314.1	$	23.7	$	290.4	$	—
	Commercial paper		203.4		—		—			203.4		—		203.4		—
	Money market funds		256.0		—		—			256.0		—		256.0		—
Marketable securities:
	Short-term available for sale
		Commercial paper and corporate debt securities	383.3		—		—			383.3		133.0		250.3		—
		Certificate of deposit and time deposits	33.6		—		—			33.6		—		33.6		—
		Agency bond	18.7		—		—			18.7		18.7		—		—
		U.S. government agency securities	7.5		—		—			7.5		7.5		—		—
		Municipal securities	13.5		—		—			13.5		13.5		—		—
		Other (2)	11.5		—		—			11.5		11.5		—		—
	Short-term trading securities
		Mutual funds	37.3		4.7		—			42.0		42.0		—		—
	Long-term available for sale
		Corporate debt securities	183.4		0.6		—			184.0		184.0		—		—
		Agency bond	41.3		0.1		—			41.4		41.4		—		—
		U.S. government agency securities	9.1		0.1		—			9.2		9.2		—		—
		Municipal securities	33.4		0.2					33.6		33.6		—		—
Convertible debt securities (3)			21.4		4.8		(6.0		)	20.2		—		—		20.2
Derivative contracts (4)			7.9		5.6		(6.5		)	7.0		—		2.2		4.8
		Total	$	1,575.4	$	16.1	$	(12.5	)	$	1,579.0	$	518.1	$	1,035.9	$	25.0

____________________ 

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

(2) Consists of agency discount notes, U.S. treasury bills, and other short-term securities.

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

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

			January 31, 2014
			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		$	280.7	$	—	$	—		$	280.7	$	30.4	$	250.3	$	—
	Commercial paper		280.5		—		—			280.5		—		280.5		—
	Municipal securities		2.0		—		—			2.0		2.0		—		—
	Money market funds		262.8		—		—			262.8		—		262.8		—
Marketable securities:
	Short-term available for sale
		Commercial paper and corporate debt securities	261.0		—		—			261.0		95.4		165.6		—
		Time deposits	37.1		—		—			37.1		—		37.1		—
		Agency bond	42.7		—		—			42.7		42.7		—		—
		U.S. government agency securities	11.3		—		—			11.3		11.3		—		—
		Municipal securities	11.7		—		—			11.7		11.7		—		—
		Other (2)	11.4		—		—			11.4		11.4		—		—
	Short-term trading securities
		Mutual funds	35.6		3.3		—			38.9		38.9		—		—
	Long-term available for sale
		Corporate debt securities	179.7		0.7		(0.1		)	180.3		180.3		—		—
		Agency bond	43.3		0.1		—			43.4		43.4		—		—
		U.S. government agency securities	9.8		—		—			9.8		9.8		—		—
		Municipal securities	43.5		0.3		—			43.8		43.8		—		—
Convertible debt securities (3)			21.4		3.2		(4.4		)	20.2		—		—		20.2
Derivative contracts (4)			10.8		14.8		(6.0		)	19.6		—		10.5		9.1
		Total	$	1,545.3	$	22.4	$	(10.5	)	$	1,557.2	$	521.1	$	1,006.8	$	29.3

____________________ 

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

(2) Consists of agency discount notes, U.S. treasury bills, and other short-term securities.

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

(4) Included in “Prepaid expenses and other current assets,” “Other assets,” or “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 three months ended April 30, 2014 was as follows:

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
		Derivative Contracts			Convertible Debt Securities		Total
Balance at January 31, 2014		$	9.1		$	20.2	$	29.3
Purchases		—			—		—
Settlements		(0.8		)	—		(0.8		)
Net realized (losses)		(2.0		)	—		(2.0		)
Net unrealized (losses)		(1.5		)	—		(1.5		)
Balance at April 30, 2014		$	4.8		$	20.2	$	25.0

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:

	April 30, 2014
	Cost		Fair Value
Due in 1 year	$	468.1	$	468.1
Due in 1 year through 5 years	288.6		288.4
Due in 5 years through 10 years	—		—
Due after 10 years	—		—
Total	$	756.7	$	756.5

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

The fair value of derivative instruments in Autodesk’s Condensed Consolidated Balance Sheets were as follows as of April 30, 2014 and January 31, 2014:

	Balance Sheet Location	Fair Value at
		April 30, 2014		January 31, 2014
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets (1)	$	2.7	$	4.4
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and Other assets	4.8		16.9
Total derivative assets		$	7.5	$	21.3
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities (2)	$	0.5	$	1.7
Total derivative liabilities		$	0.5	$	1.7

____________________ 

(1) Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $4.3 million and $5.9 million at April 30, 2014 and January 31, 2014, respectively.

(2) Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $2.1 million and $3.2 million at April 30, 2014 and January 31, 2014, respectively.

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 months ended April 30, 2014 and 2013, respectively (amounts presented include any income tax effects):

	Foreign Currency  Contracts
	Three Months Ended April 30,
	2014			2013
Amount of (loss) gain recognized in accumulated other comprehensive income on derivatives (effective portion)	$	(2.6	)	$	13.6
Amount and location of gain (loss) reclassified from accumulated other comprehensive income into income (effective portion)
Net revenue	$	1.4		$	4.3
Operating expenses	(0.8		)	(0.5		)
Total	$	0.6		$	3.8
Amount and location of gain recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
Interest and other (expense) income, net	$	—		$	0.1

The effects of derivatives not designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three months ended April 30, 2014 and 2013, respectively (amounts presented include any income tax effects):

	Three Months Ended April 30,
	2014			2013
Amount and location of (loss) gain recognized in income on derivatives
Interest and other (expense) income, net	$	(5.7	)	$	1.5