Financial Instruments (Tables)

6 Months Ended

Jul. 31, 2016

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 July 31, 2016 and January 31, 2016:

			July 31, 2016
			Amortized Cost		Gross unrealized gains		Gross unrealized losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Agency bonds		$	44.2	$	—	$	—		$	44.2		$	44.2	$	—		$	—
	Certificates of deposit		181.3		—		—			181.3			181.3		—			—
	Commercial paper		296.9		—		—			296.9			—		296.9			—
	Corporate bonds		8.7		—		—			8.7			8.7		—			—
	Custody cash deposit		22.5		—		—			22.5			22.5		—			—
	Money market funds		143.8		—		—			143.8			—		143.8			—
	Municipal bonds		5.0		—		—			5.0			5.0		—			—
	U.S. government securities		167.0		—		—			167.0			167.0		—			—
Marketable securities:
	Short-term available-for-sale
		Agency bonds	41.9		—		—			41.9			41.9		—			—
		Asset backed securities	10.8		—		—			10.8			—		10.8			—
		Certificates of deposit	55.4		—		—			55.4			55.4		—			—
		Commercial paper	119.4		—		—			119.4			—		119.4			—
		Corporate bonds	267.2		0.2		(0.1		)	267.3			267.3		—			—
		Sovereign debt	19.6		—		—			19.6			—		19.6			—
		U.S. government securities	37.6		—		—			37.6			37.6		—			—
	Short-term trading securities
		Mutual funds	43.7		1.9		—			45.6			45.6		—			—
	Long-term available-for-sale
		Agency bonds	52.0		0.3		—			52.3			52.3		—			—
		Asset backed securities	58.9		0.2		—			59.1			—		59.1			—
		Certificates of deposit	1.8		—		—			1.8			1.8		—			—
		Corporate bonds	276.1		1.5		(0.1		)	277.5			277.5		—			—
		Municipal bonds	9.5		0.1		—			9.6			9.6		—			—
		Sovereign debt	10.8		—		—			10.8			—		10.8			—
		U.S. government securities	94.2		0.3		—			94.5			94.5		—			—
Convertible debt securities (2)			6.3		2.2		(1.1		)	7.4			—		—			7.4
Derivative contracts (3)			3.2		7.1		(10.8		)	(0.5		)	—		(1.7		)	1.2
		Total	$	1,977.8	$	13.8	$	(12.1	)	$	1,979.5		$	1,312.2	$	658.7		$	8.6

____________________ 

(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, 2016
			Amortized Cost		Gross unrealized gains		Gross unrealized losses			Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):
	Agency bonds		$	8.5	$	—	$	—		$	8.5	$	8.5	$	—	$	—
	Certificates of deposit		267.6		—		—			267.6		267.6		—		—
	Commercial paper		106.6		—		—			106.6		—		106.6		—
	Custody cash deposit		2.1		—		—			2.1		2.1		—		—
	Money market funds		382.4		—		—			382.4		—		382.4		—
	Municipal bonds		5.0		—		—			5.0		5.0		—		—
	U.S. government securities		103.0		—		—			103.0		103.0		—		—
Marketable securities:
	Short-term available-for-sale
		Agency bonds	40.0		—		(0.1		)	39.9		39.9		—		—
		Asset backed securities	7.3		—		—			7.3		—		7.3		—
		Certificates of deposit	190.3		—		—			190.3		190.3		—		—
		Commercial paper	141.1		—		—			141.1		—		141.1		—
		Corporate debt securities	377.1		0.1		(0.3		)	376.9		376.9		—		—
		Municipal bonds	9.7		—		—			9.7		9.7		—		—
		Sovereign debt	20.1		—		—			20.1		—		20.1
		U.S. government securities	74.6		—		—			74.6		74.6		—		—
	Short-term trading securities
		Mutual funds	38.8		0.4		(1.2		)	38.0		38.0		—		—
	Long-term available-for-sale
		Agency bonds	56.8		0.1		—			56.9		56.9		—		—
		Asset backed securities	36.5		0.1		—			36.6		—		36.6		—
		Corporate debt securities	320.9		0.3		(0.8		)	320.4		320.4		—		—
		Municipal bonds	2.9		—		—			2.9		2.9		—		—
		Sovereign debt	16.9		—		—			16.9		—		16.9		—
		U.S. government securities	98.4		0.3		(0.1		)	98.6		98.6		—		—
Convertible debt securities (2)			2.5		2.0		(1.1		)	3.4		—		—		3.4
Derivative contracts (3)			1.5		7.8		(7.4		)	1.9		—		1.6		0.3
		Total	$	2,310.6	$	11.1	$	(11.0	)	$	2,310.7	$	1,594.4	$	712.6	$	3.7

____________________ 

(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 six months ended July 31, 2016 follows:

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
		Derivative Contracts		Convertible Debt Securities			Total
Balance at January 31, 2016		$	0.3	$	3.4		$	3.7
Purchases		0.9		4.0			4.9
Losses included in earnings		—		(0.2		)	(0.2		)
Gains included in OCI		—		0.2			0.2
Balance at July 31, 2016		$	1.2	$	7.4		$	8.6

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:

	July 31, 2016
	Cost		Fair Value
Due within 1 year	$	555.7	$	556.9
Due in 1 year through 5 years	504.4		506.7
Due in 5 years through 10 years	1.4		1.4
Total	$	1,061.5	$	1,065.0

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 July 31, 2016 and January 31, 2016:

	Balance Sheet Location	Fair Value at
		July 31, 2016		January 31, 2016
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	6.7	$	3.4
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and Other assets	1.8		4.9
Total derivative assets		$	8.5	$	8.3
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	8.0	$	3.4
Derivatives not designated as hedging instruments	Other accrued liabilities	1.0		3.0
Total derivative liabilities		$	9.0	$	6.4

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 six months ended July 31, 2016 and 2015 (amounts presented include any income tax effects):

	Foreign Currency  Contracts						Foreign Currency  Contracts
	Three Months Ended July 31,						Six Months Ended July 31,
	2016			2015			2016			2015
Amount of gain (loss) recognized in accumulated other comprehensive income on derivatives (effective portion)	$	1.5		$	4.4		$	(4.9	)	$	6.7
Amount and location of gain (loss) reclassified from accumulated other comprehensive income into income (effective portion)
Net revenue	$	2.5		$	11.3		$	7.4		$	22.3
Operating expenses	0.5			(2.2		)	(1.3		)	(5.5		)
Total	$	3.0		$	9.1		$	6.1		$	16.8
Amount and location of loss recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
Interest and other expense, net	$	(0.2	)	$	(0.2	)	$	(0.4	)	$	(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 six months ended July 31, 2016 and 2015 (amounts presented include any income tax effects):

	Three Months Ended July 31,					Six Months Ended July 31,
	2016			2015		2016			2015
Amount and location of (loss) gain recognized in income on derivatives
Interest and other expense, net	$	(3.9	)	$	2.1	$	(10.9	)	$	0.7