Financial Instruments (Tables)

9 Months Ended

Oct. 31, 2015

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, 2015 and January 31, 2015:

			October 31, 2015
			Amortized Cost		Gross unrealized gains		Gross unrealized losses			Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):
	Certificates of deposit		$	323.4	$	—	$	—		$	323.4	$	323.4	$	—	$	—
	Custody cash deposit		40.0		—		—			40.0		40.0		—		—
	Commercial paper		153.6		—		—			153.6		—		153.6		—
	Corporate bonds		5.0		—		—			5.0		5.0		—		—
	Money market funds		283.5		—		—			283.5		—		283.5		—
	Agency bonds		3.0		—		—			3.0		3.0		—		—
	Municipal bonds		15.0		—		—			15.0		15.0		—		—
Marketable securities:
	Short-term available-for-sale
		U.S. government agency bonds	59.4		—		—			59.4		59.4		—		—
		Certificate of deposit	202.4		—		—			202.4		202.4		—		—
		Commercial paper	176.4		—		—			176.4		—		176.4		—
		Corporate bonds	374.1		0.1		(0.3		)	373.9		373.9		—		—
		Sovereign debt	17.4		—		—			17.4		—		17.4		—
		U.S. treasury bills	47.5		—		—			47.5		47.5		—		—
		Asset backed securities	3.4		—		—			3.4		—		3.4		—
		Municipal bonds	22.4		—		—			22.4		22.4		—		—
	Short-term trading securities
		Mutual funds	41.0		3.1		(0.1		)	44.0		44.0		—		—
	Long-term available-for-sale
		Agency bonds	59.6		0.1		—			59.7		59.7		—		—
		Corporate bonds	343.6		0.3		(0.9		)	343.0		343.0		—		—
		Municipal bonds	2.9		—		—			2.9		2.9		—		—
		U.S. government agency securities	74.6		0.1		(0.1		)	74.6		74.6		—		—
		Sovereign debt	24.5		—		—			24.5		—		24.5		—
		Asset backed securities	35.4		—		—			35.4		—		35.4		—
Convertible debt securities (2)			2.8		2.0		(1.1		)	3.7		—		—		3.7
Derivative contracts (3)			2.2		3.2		(3.8		)	1.6		—		1.1		0.5
		Total	$	2,313.1	$	8.9	$	(6.3	)	$	2,315.7	$	1,616.2	$	695.3	$	4.2

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(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.

			January 31, 2015
			Amortized Cost		Gross unrealized gains		Gross unrealized losses			Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):
	Certificates of deposit		$	258.6	$	—	$	—		$	258.6	$	258.6	$	—	$	—
	Custody cash deposit		141.5		—		—			141.5		141.5		—		—
	Commercial paper		161.0		—		—			161.0		—		161.0		—
	Corporate bond		11.5		—		—			11.5		11.5		—		—
	Money market funds		127.3		—		—			127.3		—		127.3		—
Marketable securities:
	Short-term available-for-sale
		Agency bond	37.9		—		—			37.9		37.9		—		—
		Corporate debt securities	148.0		0.1		(0.1		)	148.0		148.0		—		—
		Municipal bonds	29.2		0.1		—			29.3		29.3		—		—
		Certificates of deposit	101.9		—		—			101.9		101.9		—		—
		Commercial paper	258.4		—		—			258.4		—		258.4		—
	Short-term trading securities
		Mutual funds	36.9		3.4		—			40.3		40.3		—		—
	Long-term available-for-sale
		Agency bond	50.6		0.2		—			50.8		50.8		—		—
		Corporate debt securities	199.4		0.6		(0.2		)	199.8		199.8		—		—
		Municipal bonds	13.3		0.1		—			13.4		13.4		—		—
		U.S. government agency securities	8.9		0.1		—			9.0		9.0		—		—
Convertible debt securities (2)			4.7		2.5		(2.1		)	5.1		—		—		5.1
Derivative contracts (3)			3.5		19.5		(7.0		)	16.0		—		15.1		0.9
		Total	$	1,592.6	$	26.6	$	(9.4	)	$	1,609.8	$	1,042.0	$	561.8	$	6.0

____________________ 

(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,” “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 nine months ended October 31, 2015 was as follows:

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
		Derivative Contracts			Convertible Debt Securities			Total
Balance at January 31, 2015		$	0.9		$	5.1		$	6.0
Purchases		4.3			6.2			10.5
Settlements		(5.7		)	(8.0		)	(13.7		)
Gains included in earnings		1.0			—			1.0
Gains included in OCI		—			0.4			0.4
Balance at October 31, 2015		$	0.5		$	3.7		$	4.2

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, 2015
	Cost		Fair Value
Due within 1 year	$	903.0	$	902.8
Due in 1 year through 5 years	543.4		543.8
Total	$	1,446.4	$	1,446.6

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, 2015 and January 31, 2015:

	Balance Sheet Location	Fair Value at
		October 31, 2015		January 31, 2015
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets (1)	$	2.9	$	20.4
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and Other assets	1.3		0.9
Total derivative assets		$	4.2	$	21.3
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities (2)	$	2.0	$	5.4
Derivatives not designated as hedging instruments	Other accrued liabilities	0.6		—
Total derivative liabilities		$	2.6	$	5.4

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(1) Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $6.4 million and $23.8 million at October 31, 2015 and January 31, 2015, respectively.

(2) Considering Autodesk's master netting arrangements, these contracts are presented net settled. The gross balance is $5.5 million and $8.7 million at October 31, 2015 and January 31, 2015, 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 and nine months ended October 31, 2015 and 2014 (amounts presented include any income tax effects):

	Foreign Currency  Contracts
	Three Months Ended October 31,						Nine Months Ended October 31,
	2015			2014			2015			2014
Amount of (loss) gain recognized in accumulated other comprehensive income on derivatives (effective portion)	$	(5.0	)	$	22.3		$	1.7		$	22.5
Amount and location of gain (loss) reclassified from accumulated other comprehensive income into income (effective portion)
Net revenue	$	9.5		$	2.1		$	31.8		$	4.6
Operating expenses	(2.4		)	(0.8		)	(7.9		)	(1.7		)
Total	$	7.1		$	1.3		$	23.9		$	2.9
Amount and location of (loss) gain recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
Interest and other expense, net	$	(0.2	)	$	0.1		$	(0.5	)	$	0.3

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, 2015 and 2014 (amounts presented include any income tax effects):

	Three Months Ended October 31,						Nine Months Ended October 31,
	2015			2014			2015			2014
Amount and location of loss recognized in income on derivatives (1)
Interest and other expense, net	$	(2.5	)	$	(4.5	)	$	(1.8	)	$	(15.1	)

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(1) Prior period balances have been adjusted to conform to current period presentation.